According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices home prices rose 7% between February 2023 and February 2024. In addition, FHFA’s seasonally adjusted monthly index for January was up 1.2% from February. The FHFA HPI is the nation’s only collection of public, freely available house price indexes that measure changes in single-family home values based on data from all 50 states and over 400 American cities that extend back to the mid-1970s.
“U.S. house prices rebounded with an increase in February, after declining slightly in January…All nine census divisions experienced price appreciation over the last 12 months, with New England and Middle Atlantic divisions posting double digit growth.” Said Dr. Anju Vajja, Deputy Director for FHFA’s Division of Research and Statistics.
Click here to read the full report at the FHFA.
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Written by: Brad Beckett