House prices in the United States have risen 17.4% over the past year — from the second quarter of 2020 to the second quarter of 2021 – the FHFA said on Tuesday.
Additionally, house prices were up 4.9% compared to the first quarter of 2021, while FHFA’s seasonally adjusted monthly index for June was up 1.6% from May, the agency reported. Further, house prices have risen for 40 consecutive quarters (since September 2011), according to the FHFA.
“During the second quarter, house prices peaked in June with an 18.8% growth rate compared to a year ago,” said Dr. Lynn Fisher, deputy director of FHFA’s Division of Research and Statistics. “For the quarter, annual gains surpassed 20% in the Mountain, New England and Pacific census divisions and in all of the top 20 metro areas.”
City-specific statistics on house prices are available on the FHFA website.