According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices rose 0.7% in April. In addition, they report that prices rose 3.1% from April 2022 through April 2023. 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 generally increased moderately in April…However, on a year-overyear basis, house prices in some regions of the country continued to decline.” Said Dr. Nataliya Polkovnichenko, Supervisory Economist in FHFA’s Division of Research and Statistics.