07/26/2022 | Press release | Distributed by Public on 07/26/2022 08:45
House prices rose nationwide in May, up 1.4 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.3 percent from May 2021 to May 2022. The previously reported 1.6 percent price change for April 2022 was revised downward to 1.5 percent.
For the nine census divisions, seasonally adjusted monthly house price changes from April 2022 to May 2022 ranged from +0.2 percent in the Pacific division to +2.0 percent in the New England division. The 12-month changes were all positive, ranging from +13.9 percent in the Middle Atlantic division to +23.8 percent in the South Atlantic division.