On November 30, 2020, The Federal Housing Finance Agency (FHFA) announced that the U.S. house prices higher 4.2% in the 3rd quarter of 2021 from 2nd quarter of 2021, and jumped 18.5% from 3rd quarter of 2020 based on home sales values obtained from mortgages sold to or guaranteed by FNMA and Freddie Mac.
Nationwide, among nine census Mountain Division was highest with an increase of 5.8% in the 3rd quarter of 2021 from 2nd quarter of 2021, and rose 25.5% from 3rd quarter of 2020, while West North Central Division had lowest with a gain of 14.8% in the 3rd quarter of 2021, from 3rd quarter of 2020.
State of Idaho had the highest jump of 35.8%, while District of Columbia was the weakest with a gain of 8.0% in the 3rd quarter of 2021, from 3rd quarter of 2020.
William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics, stated “Compared to a year ago, annual gains have increased in every state and metro area. Real estate prices have risen exceptionally fast, but market momentum peaked in July as month-over-month gains have moderated.”
For complete more detailed information about the FHFA’s home price index for 3rd quarter of 2021, please click HERE
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