According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 17.5% from Q4 2020 to Q4 2021. In addiiton, the FHFA’s seasonally adjusted monthly index for December was up 1.2% from November, 2021. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s.
“Housing trends over the past year have created challenges. The quick house price gains may be counterbalanced as mortgage rates increase. However, more expensive housing has elevated affordability to become a broader concern as available supply remains limited.” Said William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics.