According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 8.4% from December 2021 through December 2022. Month to month, house prices were down 0.1% from November to December, 2022. In addition, the FHFA says the U.S. housing market has experienced positive annual appreciation each quarter since the start of 2012.
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.
“House price appreciation continued to wane in the fourth quarter…House prices grew at a
much slower pace in recent quarters amid higher mortgage rates and a decline in mortgage
applications. These negative pressures were partially offset by historically low inventory.” said Nataliya Polkovnichenko, Ph.D., Supervisory Economist, in FHFA’s Division of Research and Statistics.