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US FHFA House Price Index Unchanged in May; Up 5.7 Percent from Last Year
U.S. house prices were unchanged in May, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 5.7 percent from May 2023 to May 2024. The previously reported 0.2 percent price increase in April was revised upward to 0.3 percent. For the nine census divisions, seasonally adjusted monthly price changes from April 2024 to May 2024 ranged from -0.5 percent in the West North Central division to +0.3 percent in the New England division. The 12-month changes were all positive, ranging from +2.4 percent in the West South Central division to +9.2 ... (full story)