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U.S. House Price Index - April 2020282026/24/2020 4:00:00 AM<p style="font-style&#58;normal;">​​U.S. house prices rose in April, up&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">0.2 percent</span>&#160;from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160;House prices rose&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">5.5 percent</span>&#160;from April 2019 to April 2020.&#160;The previously reported&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">0.1 percent&#160;</span>increase for March 2020 remains unchanged.</p><p style="font-style&#58;normal;">For the nine census divisions, seasonally adjusted monthly house price changes from March 2020 to April 2020 ranged from&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">-0.5 percent&#160;</span>in the South Atlantic division to&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">+0.8 percent</span>&#160;in the West South Central division.&#160;The 12-month changes were all positive, ranging from&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">+5.0 percent</span>&#160;in the Middle Atlantic division to&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">+6.8 percent</span>&#160;in the Mountain division.</p><p style="font-style&#58;normal;"> <span style="font-style&#58;normal;">Monthly index values and appreciation rate estimates for recent periods are provided in the tables&#160;and graphs in the attachment.&#160;Downloadable data and HPI release dates for all of 2020 are&#160;available here&#58;&#160;</span><a href="/HPI" style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">https&#58;//www.fhfa.gov/HPI</a><span style="font-style&#58;normal;">​.​</span>​<br></p><p style="font-style&#58;normal;"> <a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt2-Percent-in-April-2020.aspx" style="font-size&#58;14px;font-family&#58;&quot;source sans pro&quot;, sans-serif;">Related News Release</a>​</p>6/24/2020 1:00:49 PMHome / About FHFA / Reports / U.S. House Price Index - April 2020 House Price Index 1346https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Report to Congress - 2019280626/15/2020 4:00:00 AM<p>​​​​​​The Federal Housing Finance Agency (FHFA) today released its 2019&#160;<a href="/AboutUs/Reports/ReportDocuments/FHFA_2019_Report-to-Congress.pdf"><em>Report to Congress</em></a>. The report meets the requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008. It provides information about FHFA's 2019&#160;examinations of Fannie Mae and Freddie Mac (the Enterprises), 11 Federal Home Loan Banks and the Federal Home Loan Banks' Office of Finance.&#160;The report also describes FHFA's actions as conservator of the Enterprises.<br></p><p> <span style="font-style&#58;normal;"> <a href="/Media/PublicAffairs/Pages/FHFA-Issues-2019-Report-to-Congress.aspx">Related News Release</a>​</span></p>6/15/2020 6:00:39 PMHome / About FHFA / Reports / Annual Report to Congress - 2019 Annual Report to Congress 934https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 1Q2020 / March277485/26/2020 4:00:00 AM<p>​U.S. house prices rose in the first quarter of 2020, up&#160;1.7 percent&#160;according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; House prices rose&#160;5.7 percent&#160;from the first quarter of 2019 to the first quarter of 2020.&#160; FHFA’s seasonally adjusted monthly index for March was up&#160;0.1 percent&#160;from February.</p><p>View highlights video featuring Dr. Lynn Fisher at&#160;&#160;<a href="https&#58;//youtu.be/KIGimQ7oM_w">https&#58;//youtu.be/KIGimQ7oM_w</a>. </p><p>New&#58;&#160;​<br></p><ul style="display&#58;inline;"><li><p style="display&#58;inline;">​​​Trends in the Top 100 Metropolitan Statistical Areas are available through our newly-published interactive dashboard&#160;<a href="/DataTools/Tools/Pages/FHFA-HPI-Top-100-Metro-Area-Rankings.aspx">https&#58;//www.fhfa.gov/DataTools/Tools/Pages/FHFA-HPI-Top-100-Metro-Area-Rankings.aspx</a>. The first tab displays rankings while the second tab offers charts.<br></p></li></ul><div><p><strong style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">​​Coronavirus (COVID-19) Impact on House Prices</strong><br></p><p>The data contained within this report is unlikely to reflect the economic impact of COVID-19.&#160; Estimated house price movements are based upon closings through March 31st, but, because of the time delay between when a contract is signed and a loan closes, purchase data from March largely reflect prices that were set in late-January and throughout February.&#160; In other words, many March purchases reflect prices that were agreed upon before broad stay-at-home orders were issued.&#160; Regarding transaction counts, the number of purchase-money repeat transactions in the first quarter of 2020 are comparable to the prior quarter and to the first quarter of 2019.&#160; However, March activity might not be representative of typical home sales because of recent market changes like a higher than normal rate of sales cancellations.&#160;<strong style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">​</strong></p><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt7-Percent-in-First-Quarter.aspx">Related News Release​</a><br></p></div>5/26/2020 1:00:32 PMHome / About FHFA / Reports / U.S. House Price Index Report - 1Q2020 / March House Price Index 5112https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - February 2020343594/22/2020 4:00:00 AM<p>​U.S. house prices rose in February, up <strong>0.7 percent</strong> from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). &#160;House prices rose <strong>5.7 percent </strong>from February 2019 to February 2020.&#160; The previously reported 0.3 percent increase for January 2020 was revised upward to 0.5 percent.&#160;</p><p>For the nine census divisions, seasonally adjusted monthly house price changes from January 2020 to February 2020 were all positive, ranging from <strong>0.3 percent</strong> in the West South Central division to +<strong>1.2 percent</strong> in the Middle Atlantic division.&#160; The 12-month changes were all positive, ranging from +<strong>4.2 percent</strong> in the West South Central division to +<strong>8.1 percent</strong> in the Mountain division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs on the following pages.&#160; Downloadable data and HPI release dates for all of 2020 are available here&#58; &#160;<a href="/HPI"><span style="text-decoration&#58;underline;">https&#58;//www.fhfa.gov/HPI</span></a>. </p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-pt-7-Percent-in-February-Up-5-7-Percent-from-Last-Year.aspx">Related News Release</a> </p>4/22/2020 1:00:12 PMHome / About FHFA / Reports / U.S. House Price Index Report - February 2020 House Price Index 4212https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - January 2020304543/25/2020 4:00:00 AM<p>​<span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">​​U.S. house prices rose in January, up&#160;</span><span style="color&#58;#404040;font-family&#58;inherit;font-size&#58;inherit;border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">0.3 percent</span><span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">&#160;</span><span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">from the previous&#160;month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose</span><span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">&#160;</span><span style="color&#58;#404040;font-family&#58;inherit;font-size&#58;inherit;border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">5.2 percent</span><span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">&#160;</span><span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">from January 2019 to January 2020. The previously reported 0.6 percent increase for December 2019 was revised upward to 0.7 percent.</span></p><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;color&#58;#404040;background-color&#58;#ffffff;">For the nine census divisions, seasonally adjusted monthly house price changes from December&#160;2019 to January 2020 ranged from&#160;<span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">-0.2 percent</span>&#160;in the Mountain division to&#160;<span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">+0.7 percent</span>&#160;in the&#160;South Atlantic divisions. The 12-month changes were all positive, ranging from&#160;<span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">+4.1 percent</span>&#160;in&#160;the Middle Atlantic division to&#160;<span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">+6.4 percent&#160;</span>in the South Atlantic division.<br></p><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;color&#58;#404040;background-color&#58;#ffffff;">Monthly index values and appreciation rate estimates for recent periods are provided in the tables&#160;and graphs in the attachment.&#160;Downloadable data and HPI release dates for all of 2020 are&#160;available here&#58;&#160;<a href="/HPI" style="font-family&#58;inherit;font-size&#58;inherit;color&#58;#276598;border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;600;font-stretch&#58;inherit;line-height&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;">https&#58;//www.fhfa.gov/HPI</a>​.​<br></p><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;color&#58;#404040;background-color&#58;#ffffff;"><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt3-Percent-in-January-Up-5pt2-Percent-from-Last-Year.aspx">Related News Release</a>​<br></p>3/25/2020 1:00:12 PMHome / About FHFA / Reports / U.S. House Price Index Report - January 2020 House Price Index 5557https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2019Q4 / December307382/25/2020 5:00:00 AM<p><span style="font-style&#58;normal;">​​U.S. house prices rose in the fourth quarter of 2019, up</span><span style="font-style&#58;normal;">&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-style&#58;normal;font-weight&#58;700 !important;">1.3</span><span style="font-style&#58;normal;">&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-style&#58;normal;font-weight&#58;700 !important;">percent</span><span style="font-style&#58;normal;">&#160;</span><span style="font-style&#58;normal;">according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; House prices rose</span><span style="font-style&#58;normal;">&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-style&#58;normal;font-weight&#58;700 !important;">5.1</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-style&#58;normal;font-weight&#58;700 !important;">&#160;percent</span><span style="font-style&#58;normal;">&#160;</span><span style="font-style&#58;normal;">from the fourth quarter of 2018 to the fourth quarter of 2019.&#160; FHFA's seasonally adjusted monthly index for December was up</span><span style="font-style&#58;normal;">&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-style&#58;normal;font-weight&#58;700 !important;">0.6</span><span style="font-style&#58;normal;">&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-style&#58;normal;font-weight&#58;700 !important;">percent&#160;</span><span style="font-style&#58;normal;">from November.</span><br></p><p style="font-style&#58;normal;">View highlights video featuring Dr. Lynn Fisher at&#160;<a title="Link goes to an external web page." class="external-link" href="https&#58;//youtu.be/mrdRTTV7xlk" target="_blank">https&#58;//youtu.be/mrdRTTV7xlk​</a>.​</p><p style="font-style&#58;normal;"><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt3-Percent-in-Fourth-Quarter-Up-5pt1-Percent-from-Last-Year.aspx">Related News Release</a>​<br></p>2/25/2020 2:02:10 PMHome / About FHFA / Reports / U.S. House Price Index Report - 2019Q4 / December House Price Index 17689https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - November 2019302611/22/2020 5:00:00 AM<p>U.S. house prices rose in November, up <strong>0.2 percent</strong><em> </em>from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). &#160;House prices rose <strong>4.9 percent</strong> from November 2018 to November 2019.&#160; The previously reported 0.2 percent increase for October 2019 was revised upward to 0.4 percent.</p><p>For the nine census divisions, seasonally adjusted monthly house price changes from October 2019 to November 2019 ranged from<strong> -0.1 percent</strong> in the Mountain division to <strong>+0.8 percent</strong> in the East North Central division.&#160; The 12-month changes were all positive, ranging from <strong>+3.8 percent </strong>in the New England and the West South Central divisions to <strong>+6.3 percent</strong> in the Mountain division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-2-Percent-in-November-2019.aspx">Related News Release&#160;</a></p>1/22/2020 2:00:14 PMHome / About FHFA / Reports / U.S. House Price Index Report - November 2019 House Price Index 3934https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index - October 20193018412/31/2019 5:00:00 AM<p>The FHFA House Price Index (HPI) reported a 0.2&#160;percent increase in U.S. house prices in October from previous&#160;month.&#160; From October 2018 to October 2019, house prices were up 5.0&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from September 2019 to October&#160;2019 ranged from -0.5 percent in the East North Central&#160;division to +0.7&#160;percent in the West South Central and East South Central divisions.&#160; The 12-month changes were all positive, ranging from +3.5&#160;percent in the New England division to +6.7&#160;percent in the Mountain division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in the attachment.&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-HPI-Up-0pt2-Pct-in-Oct-Up-5-Pct-from-Last-Yr.aspx">Related News Release</a></p>12/31/2019 2:01:10 PMHome / About FHFA / Reports / FHFA House Price Index - October 2019 House Price Index 3582https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - 3Q 20193000011/26/2019 5:00:00 AM<p>U.S. house prices rose in the third quarter of 2019, up <strong>1.1 percent</strong> according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; House prices rose <strong>4.9 percent </strong>from the third quarter of 2018 to the third quarter of 2019.&#160; FHFA's seasonally adjusted monthly index for September was up <strong>0.6 percent</strong> from August.</p><p> <strong>Significant Findings​</strong></p><ul><li><p>House prices have risen for 33 consecutive quarters across the United States.</p></li><li><p>House prices rose in all 50 states and the District of Columbia between the third quarters of 2018 and 2019.&#160; The top five states in annual appreciation were&#58; 1) <strong>Idaho </strong>11.6 percent; 2) <strong>Maine </strong>7.9 percent; 3) <strong>Arizona </strong>7.9 percent; 4) <strong>Utah </strong>7.8 percent; and 5) <strong>Indiana </strong>7.4 percent. &#160;The states showing the smallest annual appreciation were&#58; &#160;1) <strong>Illinois </strong>1.9 percent; 2) <strong>Connecticut </strong>2.2 percent; 3) <strong>Maryland </strong>2.4 percent; 4)<strong> South Dakota</strong> 2.7 percent; and 5) <strong>Iowa </strong>3.2 percent.</p></li><li><p>House prices rose in all 100 of the largest metropolitan areas in the U.S. over the last four quarters. &#160;Annual price increases were greatest in <strong>Boise City, ID,</strong> where prices increased by 11.1 percent.&#160; Prices were weakest in <strong>Camden, NJ (MSAD),</strong> where they increased 0.7 percent.</p></li><li><p>Of the nine census divisions, the <strong>Mountain </strong>division experienced the strongest four-quarter appreciation, posting a 6.9 percent gain between the third quarters of 2018 and 2019 and a 1.8 percent increase in the third quarter of 2019. &#160;Annual house price appreciation was weakest in the <strong>Middle Atlantic</strong> division, where prices rose by 4.0 percent between the third quarters of 2018 and 2019.</p></li><li><p>FHFA produced Fact Sheets that include graphics on the Top 20 and Bottom 20 ranked Metropolitan Statistical Areas in the U.S. here&#58; <a href="/HPI-Fact-Sheets">https&#58;//www.fhfa.gov/HPI-Fact-Sheets</a>.</p></li></ul><p> <a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt1-Percent-in-Third-Quarter-Up-4pt9-Percent-from-Last-Year.aspx">Related News Release</a></p><p> <a href="/DataTools/Tools/Pages/Four-Quarter-Heat-Map.aspx">Link to interactive map</a></p><p> <a href="/DataTools/Downloads/Pages/House-Price-Index.aspx">More information about FHFA HPI<br> </a></p>11/26/2019 2:00:59 PMHome / About FHFA / Reports / U.S. House Price Index - 3Q 2019 House Price Index 49270https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Housing Report - 2019 (covers activities 1/2018 - 12/2018)2736710/30/2019 4:00:00 AM<p></p><p>This Annual Housing Report (Report) describes the affordable housing activities of the Enterprises during 2018 and meets the reporting requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended (Safety and Soundness Act).&#160;The Report describes FHFA's preliminary review of the Enterprises' 2018 housing goals performance. The Report also contains the results of FHFA's evaluations and ratings of the Enterprises' 2018 Duty to Serve performance, as well as highlights and challenges of selected Duty to Serve activities.</p><p>The Report includes information about the distribution of single-family loans by race/ethnicity, gender, and census tract median income. In addition, the Report includes a breakdown of the single-family mortgage product-types purchased by each Enterprise, as well as information on mortgage payment type (e.g., fixed-rate or adjustable-rate mortgage), loan-to-value ratios, and credit scores for 2018.</p><p>The Report also describes the affordable housing allocations made by each Enterprise, as well as FHFA's efforts to survey the mortgage markets and release loan-level data submitted by the Enterprises to the public. Finally, the Report discusses subprime, nontraditional, and higher-priced mortgage loans.​<br></p>10/30/2019 5:00:22 PMHome / About FHFA / Reports / Annual Housing Report - 2019 (covers activities 1/2018 - 12/2018) Annual 2749https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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