According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 1.4% in May and were up 18.3% from May 2021 to May 2022. 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.
“House prices continued to rise in May, but at a slower pace…Since peaking in February, price appreciation has moderated slightly. Price growth continues to remain above historical levels, supported by the low inventory of properties for sale.” Said Will Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics
Click here to read the full report at the FHFA.
