According to the latest Federal Housing Finance Agency (FHFA) House Price Index (HPI®), U.S. house prices increased 1.6% month-over-month in June. House prices increased 17.4% from June 2020 to June 2021. Compared to Q1 of 2021, house prices were up 4.9%.
In a statement prepared for the release of the June HPI, Dr. Lynn Fisher, FHFA’s Deputy Director of the Division of Research and Statistics said, “During the second quarter, house prices peaked in June with an 18.8 percent growth rate compared to a year ago. For the quarter, annual gains surpassed 20 percent in the Mountain, New England, and Pacific census divisions and in all of the top 20 metro areas.”
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U.S. House Prices Rise 17.4 Percent over the Last Year; Up 4.9 Percent from the First Quarter