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 2019 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.
Implement critical reforms that will produce a stronger and more resilient housing finance system.
FOSTER competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for eventual exits from the conservatorships.
2019 Conservatorships Strategic Plan
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.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
Washington, D.C. – U.S. house prices rose in the fourth quarter of 2019, up
1.3 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose
5.1 percent from the fourth quarter of 2018 to the fourth quarter of 2019. FHFA's seasonally adjusted monthly index for December was up
0.6 percent from November.
“Growth in U.S. home prices stabilized at the end of 2019 with fourth quarter prices increasing 5.1 percent from the same period a year ago. The revised measure of home price growth in the third quarter was also 5.1 percent. Prices in the Mountain region had the highest gains, posting a 6.7 annual growth rate in the fourth quarter," according to Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA.
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. The HPIs are built from tens of millions of home sales and offer insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels. The FHFA HPIs use a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze transaction data from Fannie Mae and Freddie Mac. FHFA releases data and reports on a quarterly and monthly basis. The flagship FHFA HPI uses seasonally adjusted, purchase-only data, unless otherwise noted. Additional indexes are based on other data including refinances, FHA mortgages, and real property records. All the indexes are available on the FHFA website.
Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the U.S. are included on the following pages.
Updates to the HPI Report
FHFA has made several changes to the format of this report for easier reading. These include updated graphics and a new Table of Contents. The HPI FAQs, Statistical Report, and the Distress-Free and All-Transactions MSA-level indexes have been removed, but remain available at the FHFA website.
Media: Raffi Williams (202) 649-3544
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