Monday, May 13, 2024 | The Latest Buzz for the Appraisal Industry

House Prices Increased 18.5% Over the Past Year, FHFA Observes

U.S. house prices rose 18.5% from the third quarter of 2020 to the third quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI). House prices were up 4.2% compared to the second quarter of 2021. FHFA’s seasonally adjusted monthly index for September was up 0.9% from August.

“House price appreciation reached its highest historical level in the quarterly series,” says William Doerner, Ph.D., supervisory economist in FHFA’s Division

This post was originally published on this site

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