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FHFA Home Price Index Up 0.2 Percent in April; Up 6.3 percent from last year

FHFA Home Price Index Up 0.2 Percent in April;  Up 6.3 percent from last year

 


Washington DC U.S. housing prices rose in April 0.2 percent starting in March, according to the Federal Housing Finance Agency's (FHFA) seasonally adjusted monthly Home Price Index (HPI). Real estate prices have increased 6.3 percent from April 2023 to April 2024. The 0.1 percent price increase previously announced in March has been revised downward to 0.0 percent.

For the nine census divisions, seasonally adjusted monthly price changes from March 2024 to April 2024 ranged from -0.2 percent in the Central-West-South and Middle-Atlantic divisions for +1.4 percent in the Central-East-South division. The 12-month changes were all positive, ranging from +3.0 percent in the Central-West-South division for +8.5 percent in the New England and Middle Atlantic divisions.

U.S. housing prices continued to rise in April, said Dr. Anju Vajja, deputy director of FHFA's Division of Research and Statistics. However, the rate of appreciation slowed in April amid a slight rise in mortgage rates and housing inventories. The real estate market in general has started to show signs of normalization.

The FHFA HPI is a comprehensive collection of publicly available housing price indexes that measure changes in the value of single-family homes based on data dating back to the mid-1970s from all 50 states and more than 400 cities American. It integrates tens of millions of home sales and offers information on housing price trends at the national, census division, state, metro area, county, ZIP code and census tract levels. FHFA uses a fully transparent methodology based on a repeat sales weighted statistical technique to analyze real estate price transaction data.

The FHFA publishes quarterly and monthly HPI data and reports. The flagship FHFA HPI uses seasonally adjusted data only on Fannie Mae and Freddie Mac purchases. Additional indexes use other data, including refinances, Federal Housing Administration mortgages, and real estate records. All indices, including their historical values, and information on future HPI publication dates, are available on the FHFA website: https://www.fhfa.gov/HPI.

The FHFA will release its next HPI report on July 30, 2024, including monthly data through May 2024.

Attachments : FHFA HPI Monthly – June 2024

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.4 trillion in financing to America's mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, Youtube, Facebook, And LinkedIn.

Contacts: [email protected]

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