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According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices were up 4.2% from November 2023 to November 2024, after rising 0.3% in November. 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.
“Annual house price gains continued to moderate in November, with all nine Census divisions showing slower pace of growth than a year ago…The slowdown in price growth is likely due to higher mortgage rates contributing to cooling demand.” 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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