According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 0.1% in June and were up 17.7% from Q2, 2021. The 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.

“Housing prices grew quickly through most of the second quarter of 2022, but a deceleration has appeared in the June monthly data…he pace of growth has subsided recently, which is

consistent with other recent housing data”  Said William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics.

Find the full report here: https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/HPI_2022Q2.pdf. This article was republished from Real Estate Investing Today, a weekly flow of news from the National REIA.