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U.S. House Prices Rise in Q1 – FHFA

M. Ali 25 May, 2021 11:00 pm Market Update

House prices in the United States rose by 12.6% in the first quarter (Q1) of 2021, compared with the Q1 of 2020, data showed on Tuesday.

The Federal Housing Finance Agency (FHFA) House Price Index (HPI) rose by 3.5% compared to Q4 of 2020.

Meanwhile, FHFA’s seasonally adjusted monthly index for March rose by 1.4%, compared with its level in February.

“House price growth over the prior year clocked in at more than twice the rate of growth observed in the first quarter of 2020, just before the effects of the pandemic were felt in housing markets.” Lynn Fisher, Deputy Director of FHFA’s Division of Research and Statistics, said.

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