U.S. Housing Prices Increased 18.5% Year-Over-Year in Q3 2021

The Federal Housing Finance Agency (FHFA) announced today (11-30-21) their Housing Price Index (HPI) for Q3 2021. According to the report, year-over-year (Q3 2020 – Q3 2021) home prices rose 18.5%. When compared to Q2 of 2021, they were 4.2% higher. FHFA’s seasonally adjusted monthly price index for September was up 0.9% from August.

In a statement prepared for the HPI quarterly release, William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics said, “House price appreciation reached its highest historical level in the quarterly series. Compared to a year ago, annual gains have increased in every state and metro area. Real estate prices have risen exceptionally fast, but market momentum peaked in July as month-over-month gains have moderated.”