US Home Prices Rise More than Expected: FHFA
2025-02-25 14:05
By
Agna Gabriel
1 min. read
The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States saw a 0.4% increase in December 2024, the same as in November and above market expectations of 0.2%.
Year-on-year, house prices rose by 4.7% in December, slightly above than the 4.5% increase in the previous month.
For the fourth quarter, house prices experienced a 4.5% rise from the same period a year ago, and a 1.4% increase from the previous three-month period.
Dr. Anju Vajja, Acting Deputy Director for FHFA’s Division of Research and Statistics, noted that US house prices grew at a slightly higher rate in the fourth quarter after three consecutive quarters of weaker appreciation, adding that price growth accelerated as the inventory of homes for sale tightened further.