FHFA Says Home Prices Up 4.2% Year-Over-Year

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices were up 0.3% in August, and up 4.2% from August 2023 to August 2024.  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.

“House price appreciation in the United States remained modest for the sixth consecutive month…The slow but continued house price growth and the effect of locked-in interest rates led to persistent housing affordability challenges..”  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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