According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 12.4% from Q3 of 2021 to the Q3 of 2022. In addition, prices were up 0.1% compared to the second quarter of 2022. FHFA’s seasonally adjusted monthly index for September was up 0.1% from August.
“House prices were flat for the third quarter but continued to remain above levels from a year ago. The rate of U.S. house price growth has substantially decelerated. This deceleration is widespread with about one-third of all states and metropolitan statistical areas registering annual growth below 10 percent.” 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.