U.S. Home Prices Increase Nationwide in August 1.5%

The Federal Housing Finance Agency (FHFA), Home Price Index (HPI) reports that House prices rose nationwide in August, up 1.5% above July’s reading. Year-over-year house prices are 8.0% higher, from August 2019 to August 2020. FHFA also revised its previously reported 1.0% price change for July 2020 to 1.1%. For the nine census divisions, seasonally adjusted monthly house price changes from July 2020 to August 2020 ranged from +0.9 % in the East South-Central division to +1.9% in the West South-Central division. The 12-month changes ranged from +7.2% in the West North Central division to +9.7% in the Mountain division.