On May 24, 2018, The Federal Housing Finance Agency (FHFA) announced that the U.S. house price were higher 1.7% in the 1st quarter of 2018 from 4th quarter of 2017, and gained 6.9% from 1st Quarter of 2017 based on home sales values obtained from mortgages sold to or guaranteed by FNMA and Freddie Mac.
Nationwide, among nine census Pacific Division was highest with an increase of 9.5%, and East South Central Division had lowest with a gain of 5.3% in the 1st quarter of 2018, from 1st quarter of 2017; while the Las Vegas-Henderson-Paradise, Nevada region had the highest jump of 17.1%, and Tulsa, Oklahoma region had the lowest increase of 0.8% in the 1st quarter of 2018, from 1st quarter of 2017.
Dr. William Doerner, Senior Economist, stated "Since housing markets began to rebound in 2012, house price appreciation has been positive because demand has outpaced supply. In the last month, however, some regions reflect a slowing or even flattening of house price growth."
For complete more detailed information about the FHFA’s home price index for 1st quarter of 2018, please click HERE