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

U.S. House Prices Rise in Q1 – FHFA

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.

Check Also

Where US Economy Stands Prior To Election Results

As voters prepare to choose the next president, the U.S. economy is, by most measures, …