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- House prices rose in all 50 states and the District of Columbia between the second quarters of 2021 and 2022.
- The FHFA reported that the U.S. housing market has experienced positive annual appreciation each quarter since the start of 2012.
House prices were up 4% compared to the first quarter of 2022. FHFA’s seasonally adjusted monthly index for June was up slightly (0.1%) from May.
“Housing prices grew quickly through most of the second quarter of 2022, but a deceleration has appeared in the June monthly data,” said William Doerner, Ph.D., supervisory economist in FHFA’s Division of Research and Statistics. “The pace of growth has subsided recently, which is consistent with other recent housing data.”
Nationally, the FHFA reported that the U.S. housing market has experienced positive annual appreciation in each quarter since the start of 2012.
Additionally, house prices rose in all 50 states and the District of Columbia between the second quarters of 2021 and 2022, it said. Florida experienced the highest annual appreciation rate at 29.8%, followed by Arizona (25.5%) and North Carolina (25.2%).
House prices rose in all of the 100 largest metropolitan areas over the last four quarters, FHFA said. Annual price increases were greatest in North Port-Sarasota-Bradenton, Fla., where prices increased by 36.4%. Prices were weakest in Washington-Arlington-Alexandria, D.C.-Va.-Md.-WVa. (MSAD), where they increased by 9.1%.
Of the nine census divisions, the South Atlantic division recorded the strongest four-quarter appreciation, posting a 23% gain between the second quarters of 2021 and 2022 and a 5.2% increase in the second quarter of 2022.
Annual house price appreciation was weakest in the West North Central division, where prices rose 13.9% between the second quarters of 2021 and 2022.