FHFA HPI: ‘The Monthly Gains Appear To Be Moderating’


Nationwide, house prices increased 1.0 percent from December to January, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI).

Prices rose 12.0 percent from January 2020 to January 2021.

For the nine census divisions, seasonally adjusted monthly house price changes from December 2020 to January 2021 ranged from -0.2 percent in the East South Central division to +1.5 percent in the Mountain division.

The 12-month changes ranged from +10.2 percent in the West South Central division to +14.8 percent 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,” says Dr. Lynn Fisher, FHFA’s Deputy Director of the Division of Research and Statistics. “House prices increased by 1.0 percent in January, which is relatively still high, but represents the smallest month-over-month gain since June 2020.” 

For more data from the latest FHFA HPI, click here.

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