Open Demo Account
Home / Market Update / U.S. House Prices Rise in Q1 – FHFA

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.

Tags

Check Also

Goolsbee Lauds September’s Jobs Report

Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered the latest …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends