FHFA: US house prices down 0.1% in January - Breaking The News

FHFA: US house prices down 0.1% in January

26 March

1 min read

EPA-EFE/JIM LO SCALZO

The seasonally adjusted monthly index for house prices in the United States was down 0.1% in January versus the prior month, the Federal Housing Finance Agency's (FHFA) data showed on Tuesday. The figure rose by 6.3% on an annual basis.

Among the nine census divisions, the East North Central division had the largest year-over-year surge landing at 8.7%, followed by the Middle Atlantic going up by 8.6%. The West South Central division recorded the lowest price change, with an increase of 3.8% compared to January 2023.

"US house prices declined slightly in January, marking the first decrease since August 2022 […] However, the year-over-year house price growth remained near the historical average," Acting Deputy Director for FHFA's Division of Research and Statistics Dr. Anju Vajja noted.

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