According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices rose 0.7% in May. In addition, they report that prices rose 2.8% from May 2022 through May 2023. 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 increased moderately in May, continuing the trend of the last few months…However, house prices in some regions of the country remained below the levels seen one year ago.” Said Dr. Nataliya Polkovnichenko, Supervisory Economist in FHFA’s Division of Research and Statistics.
Click here to read the full report at the FHFA.
