WASHINGTON – House prices nationwide rose 12% from January 2020 to January 2021, the Federal Housing Finance Agency reported Tuesday.
For the nine census divisions, the 12-month changes ranged from +10.2% in the West South Central division to +14.8% in the Mountain division.
“While house prices experienced historic growth rates in 2020 and into the new year, the monthly gains appear to be moderating,” said Dr. Lynn Fisher, FHFA’s deputy director of the Division of Research and Statistics. “House prices increased by 1.0% in January, which is relatively still high but represents the smallest month-over-month gain since June 2020.”
The FHFA HPI is the nation’s only collection of public, freely available house price indexes that measure changes in single-family home values based on data from all 50 states and more than 400 American
cities, extending back to the mid-1970s.
The FHFA HPI incorporates tens of millions of home sales and offers insights about house price fluctuations at the nation, census division, state, metro area, county, ZIP code, and census tract levels. FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.