This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2022 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.
As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
1.
Operate the business in a safe and sound manner.
2.
Promote sustainable and equitable access to affordable housing.
2023 Scorecard
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
Source: FHFA
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
Glossaries
COVID-19 Resources
FHFA’s quarterly HPI Releases typically include a “Highlights” article that analyzes house price trends or specific methodological issues related to the HPI’s construction. The downloadable articles are listed below with the corresponding HPI release.
Source Update for County Recorder Data and Its Impact on FHFA HPI®
4QM10 2023
4QM10 2023 HPI Report
Pages 9 - 21
Transitioning to the New OMB 2018 Metropolitan Area Definitions
4Q 2018
4Q 2018 HPI Report
Pages 23 - 35
Manufactured House Price Indexes
2Q 2018
2Q 2018 HPI Report
Pages 23 - 27
Release of New Indexes for Three-Digit ZIP Codes
4Q 2014
4Q 2014HPI Report
Page 20
Comparing House Price Indexes based on OMB 2009 and 2013 Metropolitan Area Definitions
3Q 2013
3Q 2013 HPI Report
Pages 13 – 16
Transitioning to the New OMB 2013 Metropolitan Area Definitions
2Q 2013
2Q 2013 HPI Report
Pages 13 – 26
Expanding the Number of Purchase-Only Indexes from 25 to 75 MSAs
1Q 2013
1Q 2013 HPI Report
Pages 13 – 21
Recent Differences Between Appreciation Rates Reflected in the Purchase-Only and All-Transactions Indexes
4Q 2012
4Q 2012 HPI Report
Pages 12 – 18
Expanding the Number of Expanded-Data Indexes to 25 MSAs
3Q 2012
3Q 2012 HPI Report
Pages 12 – 16
Distress-Free House Price Indexes
2Q 2012
2Q 2012 HPI Report
Pages 12 – 23
Options for Construction "Distress-Free" House Price Indexes
1Q 2012
1Q 2012 HPI Report
Pages 12 – 19
Exploring Negative Revisions in the Monthly HPI
4Q 2011
4Q 2011 HPI Report
Pages 12 – 17
Expanded-Data HPI: House Prices and the Oil & Gas Industry
3Q 2011
3Q 2011 HPI Report
Pages 12 – 21
Introduction of Expanded-Data House Price Indexes
2Q 2011
2Q 2011 HPI Report
Pages 13 – 25
Implementation of New Index Weighting System
1Q 2011
1Q 2011 HPI Report
Pages 10 – 16
Price Trends for Homes that are Frequently Traded
4Q 2010
4Q 2010 HPI Report
Pages 10 – 14
House Price Indexes Estimated with Additional Data from County Recorder Offices
3Q 2010
3Q 2010 HPI Report
Condominium Indexes
2Q 2010
2Q 2010 HPI Report
New House Price Indexes for Puerto Rico
1Q 2010
1Q 2010 HPI Report
Pages 10 – 15
Conversion to New Software for Address Processing
4Q 2009
4Q 2009 HPI Report
Pages 10 – 12
The Impact of Distressed Sales on FHFA's Index for California
3Q 2009
3Q 2009 HPI Report
Pages 10 – 13
Discussion of New Indexes and Recent Research
1Q 2009
1Q 2009 HPI Report
Pages 11 – 12
Evaluation of the National Weighting System (Update) and Release of Purchase-Only Indexes for Select Metro Areas
4Q 2008
4Q 2008 HPI Report
Pages 11 – 14
Assessing the Weights used in the Construction of the National House Price Index
3Q 2008
3Q 2008 HPI Report
Pages 11 – 17
Discussion of Relationship between Price Trends and Borrower and Financing Types
2Q 2008
2Q 2008 HPI Report
Technical Note on Future Plans to Update OFHEO HPI-S&P/Case-Shiller Reconciliation Analyses
4Q 2007
4Q 2007 HPI Report
Pages 9 – 17
Foreclosures and House Prices
3Q 2007
3Q 2007 HPI Report
Monthly House Price Indexes
2Q 2007
2Q 2007 HPI Report
New "Purchase-Only" House Price Indexes: Comments and Statistics
1Q 2007
1Q 2007 HPI Report
Pages 8 – 17
The Market Slowdown and Home Prices in the Suburbs and Exurbs
4Q 2006
4Q 2006 HPI Report
Pages 8 – 12
Home Price Appreciation in Rural Areas
3Q 2006
3Q 2006 HPI Report
Pages 8 – 14
Appreciation Rate Declines
2Q 2006
2Q 2006 HPI Report
Pages 7 – 9
Cash-Out Refinances and Estimated Appreciation Rates
1Q 2006
1Q 2006 HPI Report
Pages 5 – 7
Initial Indications of Hurricane Katrina's Effects on Housing Markets
4Q 2005
4Q 2005 HPI Report
Pages 8 – 9
Home Prices and Hurricanes
3Q 2005
3Q 2005 HPI Report
Pages 7 – 14
Inclusion of Expensive Homes in the HPI
HPI Revisions
1Q 2005
1Q 2005 HPI Report
Pages 6 – 7
Quarterly Price Slowdown in Many Areas
4Q 2004
4Q 2004 HPI Report
Regional Highlights (North Carolina and California)
3Q 2004
3Q 2004 HPI Report
Pages 6 – 9
House Prices Take Off—Almost Everywhere
4Q 2003
4Q 2003 HPI Report
Pages 3 – 4
Focus on Hawaii, Mountain States, Northeast
3Q 2003
3Q 2003 HPI Report
Pages 3 – 5
Spotlight on California's Continued Stellar Housing Markets
2Q 2003
2Q 2003 HPI Report
Regional Performance and Comparison
3Q 2002
3Q 2002 HPI Report
Pages 4 – 7
A Closer Look at "Bubble Areas"
2Q 2002
2Q 2002 HPI Report
Housing Prices Continue to Grow at Healthy Rates
1Q 2002
1Q 2002 HPI Report
Housing Prices Slow Substantially in Fourth Quarter 2001
4Q 2001
4Q 2001 HPI Report
Pages 4 – 5
Spotlight on California: Silicon Valley/Northern Bay Area
3Q 2001
3Q 2001 HPI Report
Page 2
2001 Average Implied Annual Growth High
2Q 2001
2Q 2001 HPI Report
Pages 2 – 3
Maryland and Virginia Suburbs Begin to Reflect DC Growth
1Q 2001
1Q 2001 HPI Report
How the Use the Price to Income Ratio to Determine the Presence of Housing Bubbles
4Q 2000
4Q 2000 HPI Report
Pages 7 – 10
Bay Area Continues to Dominate Top 10 MSAs for Most Rapid Appreciation
2Q 2000
2Q 2000 HPI Report
Pages 24 – 25
Rural Area House Prices Appreciate More Rapidly than Metro Areas in 1990s
1Q 2000
1Q 2000 HPI Report
Pages 24 – 31
