FHFA House Price Index Up 0.2% in January

U.S. house prices rose 4.8% year over year, from Jan. 2024 to Jan. 2025. For the nine census divisions, monthly home price changes ranged from -0.8% to +1%.

WASHINGTON — U.S. house prices rose 0.2% in January, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 4.8% from January 2024 to January 2025. The previously reported 0.4% price growth in December was revised upward to 0.5%.

Among the nine census divisions, seasonally adjusted monthly home price changes ranged from a -0.8% in the South Atlantic division to +1.0% in the West North Central division. The 12-month changes were all positive, ranging from +2.4% in the West South Central division to +8.2% Middle Atlantic division.

The FHFA HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. It incorporates tens of millions of home sales and offers insights about house price changes at the national, 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.

FHFA releases HPI data and reports quarterly and monthly. The flagship FHFA HPI uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac. Additional indexes use other data, including refinances, mortgages insured by the Federal Housing Administration, and real property records. All the indexes (including their historic values) and information about future HPI release dates are available on FHFA’s website.

The next HPI report will be released April 29, 2025, and will include monthly data through February of 2025.

Leave a comment December 17, 2020 LaurelMurphyRE

Key Highlights

Existing-home sales grew for the fifth consecutive month in October to a seasonally-adjusted annual rate of 6.85 million – up 4.3% from the prior month and 26.6% from one year ago.
The median existing-home price was $313,000, almost 16% more than in October 2019. Total housing inventory declined from the prior month and one year ago to 1.42 million, enough to last 2.5 months – a record low – at the current sales pace.
More than 7 in 10 homes sold in October 2020 – 72% – were on the market for less than a month.

Regionally

Existing-home sales in the South increased 3.2% to an annual rate of 2.91 million in October, up 26.5% from the same time one year ago. The median price in the South was $272,500, a 15.7% increase from a year ago.

The National Association of Realtors® is America’s largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries.

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