US House Prices Rise More than Expected in May: FHFA

US single-family home prices backed by Fannie Mae and Freddie Mac increased 0.3% in May 2026, following a 0.1% decrease in April, beating market expectations for a 0.2% increase. Among the nine US census divisions, seasonally adjusted monthly price changes ranged from -0.6% in the Pacific division to +1.4% in the East South Central division. On a yearly basis, home prices rose 2.2% in May, following a 2% increase in April. The 12-month changes ranged from -0.3% in the Pacific division to +4.5% in the Middle Atlantic division.

US single-family home prices backed by Fannie Mae and Freddie Mac decreased 0.1% in April 2026, following an upwardly revised 0.2% rise in March, missing market expectations for a 0.2% increase. Among the nine US census divisions, seasonally adjusted monthly price changes ranged from -0.8% in the Mountain division to 1% in the New England division. On a yearly basis, home prices rose 2% in April, following an upwardly revised 1.8% increase in March. The 12-month changes ranged from 0.2% in the Pacific division to 4.4% in the East North Central division.

US single-family home prices backed by Fannie Mae and Freddie Mac increased 0.1% in March 2026, as expected, following a downwardly revised 0.1% fall in February. For the first quarter, prices rose 0.5% from the previous quarter. Year-over-year, home values were up 1.7% between Q1 2025 and Q1 2026. House prices rose in 42 states, with Illinois showing the strongest appreciation at 7.3%. House prices were down in eight states and the District of Columbia. Colorado experienced the most significant price decline at 2.4%