On November 29, 2022, The Federal Housing Finance Agency (FHFA) announced that the U.S. house prices up 0.1% in the 3rd quarter of 2022 from 2nd quarter of 2022, and jumped 12.4% from 3rd quarter of 2021 based on home sales values obtained from mortgages sold to or guaranteed by FNMA and Freddie Mac.
Nationwide, among nine census South Atlantic Division was highest with an increase of 17.0% in the 3rd quarter of 2022 from 3rd quarter of 2021, while Pacific Division had lowest with a gain of 8.3% in the 3rd quarter of 2022, from 3rd quarter of 2021.
State of Florida had the highest jump of 22.7%, while District of Columbia was the weakest with a gain of 1.8% in the 3rd quarter of 2022, from 3rd quarter of 2021.
William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics, stated “The rate of U.S. house price growth has substantially decelerated. This deceleration is widespread with about one-third of all states and metropolitan statistical areas registering annual growth below 10 percent.”
For complete more detailed information about the FHFA’s home price index for 3rd quarter of 2022, please click HERE
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