According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 4.3% from March 2022 through March 2023. Month to month, house prices were up 0.6% from February, 2023. Interestingly, they say nationally, 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.
“U.S. house prices generally increased modestly in the first quarter…However, year over year prices in many western states have started to decline for the first time in over ten years.” Said Dr. Anju Vajja, Principal Associate Director in FHFA’s Division of Research and Statistics.
Click here to read the full report at the FHFA.