FHFA: Home prices set ‘historical record’

Nationwide, home prices rose 19.4% from February 2021 to February 2022, with prices up 2.1% between January and February of this year, according to the latest FHFA House Price Index.

“House prices rose to set a new historical record in February,” said Will Doerner, supervisory economist in the FHFA’s Division of Research and Statistics. “Acceleration approached twice the monthly rate as seen a year ago. Housing prices continue to rise owing in part to supply constraints.”

For the nine census divisions, seasonally adjusted monthly house price changes from January 2022 to February 2022 ranged from +1.3% in the East North Central division to +2.9% in the South Atlantic division. The 12-month changes ranged from +15.3% in the East North Central division to +24.3% in the Mountain division.

The FHFA will release its next HPI report on May 31, 2022, including data for the first quarter of 2022 and monthly data for March.

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