The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the US increased 1.5% from a month earlier in March of 2022, easing from a revised record 1.9% rise in February. Considering Q1, house prices rose 18.7% from a year earlier and were up 4.6% compared to the fourth quarter of 2021. Of the nine census divisions, the Mountain division recorded the strongest four-quarter appreciation, posting a 24.0% yearly gain and a 5.7% quarterly increase. Annual house price appreciation was weakest in the Middle Atlantic division, where prices rose by 14.6% from a year earlier. "Strong demand coupled with tight supply have kept prices climbing. Through the end of March, higher mortgage rates have not yet translated into slower price gains, but new home sales have dropped during the last few months, with a significant falloff in April." said William Doerner, Ph.D., Supervisory Economist in FHFA's Division of Research and Statistics. source: Federal Housing Finance Agency
House Price Index MoM in the United States averaged 0.36 percent from 1991 until 2022, reaching an all time high of 1.90 percent in February of 2022 and a record low of -1.80 percent in November of 2008. This page includes a chart with historical data for the United States FHFA House Price Index MoM. United States House Price Index MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.