FHFA House Price Index Up 4.2 % from Last Quarter
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices in Q3 were up 4.2% from the second quarter of 2021. In addition, home prices were up 18.5% from one year ago. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s.
“House price appreciation reached its highest historical level in the quarterly series…Compared to a year ago, annual gains have increased in every state and metro area...” said William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics.