FHFA Says Home Prices Up 19.4% from One Year Ago
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 2.1% in February, 2022 and were up 19.4% 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 prices rose to set a new historical record in February…Acceleration approached twice the monthly rate as seen a year ago. Housing prices continue to rise owing in part to supply constraints.” Said Will Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics.
Click here to red the full report at the FHFA.gov.
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