The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States advanced 8.2 percent from a year earlier in November of 2022, the least since July 2020. The 12-month changes were all positive, ranging from +2.4 percent in the Pacific division to +12.0 percent in the South Atlantic division. “U.S. house prices were largely unchanged in the last four months and remained near the peak levels reached over the summer of 2022,” said Nataliya Polkovnichenko, Ph.D., Supervisory Economist, in FHFA’s Division of Research and Statistics. “While higher mortgage rates have suppressed demand, low inventories of homes for sale have helped maintain relatively flat house prices.” source: Federal Housing Finance Agency
House Price Index YoY in the United States averaged 4.59 percent from 1992 until 2022, reaching an all time high of 19.30 percent in July of 2021 and a record low of -10.60 percent in November of 2008. This page includes a chart with historical data for the United States FHFA House Price Index YoY. United States House Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.