House Prices increased by 0.1% in March 2020! Released on May 26th, 2020.
The FHFA House Price Index is a broad measure of the movement of single-family house prices
💢covers all 50 states and over 400 American cities and extend back to the mid-1970s
💢seasonally adjusted, purchase-only data, unless otherwise noted.
💢single-family properties purchased or securitized by Fannie Mae or Freddie Mac
Do not get your hopes too high if you believe house prices will continue to increase, not decrease or stall.
Purchase data from March largely reflect prices that were set in late-January and throughout February.
March does not accurately represent home prices effected by the Covid-19 recession. 🙇🏽
April and May data will give a much better idea of how the Covid-19 recession has affected the housing market.
During the last recession, Houston stayed strong while Las Vegas significantly got hit.
Every city is unique. House price growth or decline will be inconsistent between cities. 🌗 Check out FHFA HPI Metro Charts to compare major cities.
The next update for April data is on June 24th, 2020.
FHFA HPI is 2 months behind the present time. 👎🏽
FHFA Tool to track individual cities and compare data.
FHFA recent report on Q1 and March 2020. Released on May 26th, 2020.
Source: Federal Housing Finance Agency