According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices were up 0.1% in July, and up 4.5% from July 2023 to July 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.
“For the third consecutive month U.S. house prices showed little movement…Gradually declining mortgage rates and relatively flat house prices may improve housing affordability.” Said Dr. Anju Vajja, Deputy Director for FHFA’s Division of Research and Statistics.
Click here to read the full report at the FHFA.
