On May 30, 2023, The Federal Housing Finance Agency (FHFA) announced that the U.S. house prices increased 0.5% in the 1st quarter of 2023 from 4th quarter of 2022, and higher 4.3% from 1st quarter of 2022 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 7.2% in the 1st quarter of 2023 from 1st quarter of 2022, and rose 24.0% from 1st quarter of 2022, while Pacific Division had the highest loss of 2.4% in the 1st quarter of 2023, from 1st quarter of 2022.
State of South Carolina had the highest jump of 9.5% in house prices, while of Utah was the weakest with a loss of 4.3% in the 1st quarter of 2023, from 1st quarter of 2022.
For complete more detailed information about the FHFA’s home price index for 1st quarter of 2023, please click HERE
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