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.
Click here to read the full report at FHFA.gov.
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