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According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices were up 4.3% from Q3 2023 to Q3 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.
“U.S. house price growth slowed in the third quarter, continuing a trend that started in the fourth quarter of the previous year…While house prices continued to increase because housing demand outpaced the locked-in housing supply, elevated house prices and mortgage rates likely contributed to the slowdown in price growth” 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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