Federal Housing Finance Agency Quarterly House Price Index up 12.6% from Q1 2020 to Q1 2021

According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI®), U.S. house prices increased 12.6% from Q1 2020 to Q1 2021. This marks the 39th consecutive quarter of home price increase, or since September 2011. Compared to Q4 2020, house prices were up 3.5%. FHFA’s seasonally adjusted monthly index for March 2021 was up 1.4% from February 2021. In a statement prepared for the release of the Q1 \ March 2021 HPI, Dr. Lynn Fisher, Deputy Director of FHFA’s Division of Research and Statistics said, “House price growth over the prior year clocked in at more than twice the rate of growth observed in the first quarter of 2020, just before the effects of the pandemic were felt in housing markets. In March, rates of appreciation continued to climb, exceeding 15 percent over the year in the Pacific, Mountain and New England census divisions.”