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.