According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices 8.2% from November 2021 through November 2022. House prices were up 0.1% from October to November, 2022. 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 were largely unchanged in the last four months and remained near the peak levels reached over the summer of 2022…While higher mortgage rates have suppressed demand, low inventories of homes for sale have helped maintain relatively flat house prices.” said Nataliya Polkovnichenko, Ph.D., Supervisory Economist, in FHFA’s Division of Research and Statistics.