According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices home prices rose 5.7% between the Q2 2023 and Q2 2024 – which they say is the 3rd Consecutive Slowdown in Quarterly Growth. House prices were up 0.9% compared to Q12024. In addition, the FHFA’s seasonally adjusted monthly index for June was down 0.1 percent from May. 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 prices saw the third consecutive slowdown in quarterly growth…The slower pace of appreciation as of June end was likely due to higher inventory of homes for sale and elevated mortgage rates.” Said Dr. Anju Vajja, Deputy Director for FHFA’s Division of Research and Statistics.
Click here to read the full report at the FHFA.
