U.S. House Prices Continue Upward Climb

Posted: Jun 2, 2022 | Author: FHFA

compliance FHFA House Price Index Report lending & collections mortgage lending

The Federal Housing Finance Agency has released its House Price Index Report for the first quarter of 2022.

House prices rose 18.7% from the first quarter of 2021 to the first quarter of 2022. Prices were up 4.6% compared to the fourth quarter of 2021. FHFA’s seasonally adjusted monthly index for March was up 1.5% from February. Nationally, the U.S. housing market has experienced positive annual appreciation each quarter since the start of 2012.

House prices rose in all 50 states and the District of Columbia between the first quarters of 2021 and 2022. The five areas with the highest annual appreciation were: Florida 29.8%, Arizona 27.5%, Utah 26.8%, Tennessee 25.8%, and Idaho 25.5%. The areas showing the lowest annual appreciation were: District of Columbia 6.6%, North Dakota 10.4%, Alaska 10.5%, Louisiana 12.3%, and Iowa 12.5%.