According to the latest Federal Housing Finance Agency's (FHFA) House Price Index (HPI), U.S. house prices rose 4% from February 2022 through February 2023. Month to month, house prices were up 0.5% from January, 2023. 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 increased slightly in February...This increase was, in part, due to a
decline in mortgage rates by more than half a percentage point from the peak reached in early November as well as historically low housing inventory" Said Dr. Nataliya Polkovnichenko, Supervisory Economist, in FHFA's Division of Research and Statistics.
Click here to read the full report at the FHFA.
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