Federal Housing Finance Agency Reports November House Prices Increased 11% Year-Over-Year

According to the latest Federal Housing Finance Agency’s House Price Index (FHFA HPI®) house prices rose nationwide in November, up 1.0% from the October reading. Year-over-year house prices have increased 11.0% (November 2019 to November 2020). The previously reported 1.5% price change for October 2020 remains unchanged. For the nine census divisions, seasonally adjusted monthly house price changes from October 2020 to November 2020 ranged from +0.3% in the West South-Central division to +1.6% in the Pacific division. The 12-month changes ranged from +8.7% in the West South-Central division to +14.0% in the Mountain division.