According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices home prices rose 6.5% between Q4 2022 and Q4 of 2023. In addition, FHFA’s seasonally adjusted monthly index for December was up 0.1% from November. 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 modestly over the course of 2023…However, the market showed signs of softening as house price appreciation was lower in the fourth quarter of the year than in the previous quarter.” Said Dr. Anju Vajja, Acting Deputy Director for FHFA’s Division of Research and Statistics.
Click here to read the full report at the FHFA.
