U.S. home prices increased a mere 0.1% in February compared with January and increased only 3.9% compared with February 2024, as home price growth contused to slow, according to the FHFA’s latest home price index report.
The previously reported increase of 0.2% in January was revised upward to 0.3%, month-over-month, the FHFA notes.
For the nine census divisions, seasonally adjusted monthly home price changes ranged from -0.8% in the Pacific division to +1.3% in the New England division.
The 12-month changes were all positive, ranging from +0.9% in the Pacific division to +7.0% in the Middle Atlantic division.
The FHFA HPI is a comprehensive collection of publicly available home 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.
Photo: David Nieto