FHFA Says Home Prices Up 4.5% Year-Over-Year

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices were up 4.5% from October 2023 to October 2024, after rising 0.4% in October.  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 have been trending down since February, stabilizing around 4.5 percent during the last three months…Even with elevated house prices and mortgage rates putting continued pressure on affordability, house prices continued to grow at a steady rate, likely due to a historically low inventory of homes for sale”  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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