February 25, 2020

FHFA: House Prices Rose 1.3 Percent in Fourth Quarter 2019; Up 5.1 Percent from 2018

U.S. house prices rose in the fourth quarter of 2019, up 1.3 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 5.1 percent from the fourth quarter of 2018 to the fourth quarter of 2019.  FHFA’s seasonally adjusted monthly index for December was up 0.6 percent from November.

“Growth in U.S. home prices stabilized at the end of 2019 with fourth quarter prices increasing 5.1 percent from the same period a year ago.  The revised measure of home price growth in the third quarter was also 5.1 percent.  Prices in the Mountain region had the highest gains, posting a 6.7 annual growth rate in the fourth quarter,” according to Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA. 

View highlights video featuring Dr. Lynn Fisher at https://youtu.be/mrdRTTV7xlk​.

Significant Findings 

FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s.  The HPIs are built from tens of millions of home sales and offer insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels.  The FHFA HPIs use a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze transaction data from Fannie Mae and Freddie Mac.  FHFA releases data and reports on a quarterly and monthly basis.  The flagship FHFA HPI uses seasonally adjusted, purchase-only data, unless otherwise noted.  Additional indexes are based on other data including refinances, FHA mortgages, and real property records.  All the indexes are available on the FHFA website. 

Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the U.S. are included on the following pages. 

Updates to the HPI Report

FHFA has made several changes to the format of this report for easier reading.  These include updated graphics and a new Table of Contents.  The HPI FAQs, Statistical Report, and the Distress-Free and All-Transactions MSA-level indexes have been removed, but remain available at the FHFA website.  


Attachment: FHFA House Price Index Report – 2019 Q4 December

This post was originally published here.