U.S. House Price Creeps Up More Than 1 Percent In July 2021 – NMP Skip to main content

U.S. House Price Creeps Up More Than 1 Percent In July 2021

Sep 29, 2021
Photo of someone holding a $20 bill and an American flag.
Director of Events

Federal Housing Finance Agency data thru July 2021 showed a 1.4% increase in the U.S. House Price Index.

House prices are up 19.2% from July 2020 to July 2021, according to the FHFA's House Price Index. The FHFA's previously reported 1.6% price change for June 2021 was also revised upward to 1.7%.

For the nine census divisions, seasonally adjusted monthly house price changes from June 2021 to July 2021 ranged from +0.8% in the West North Central division to +1.9% in the South Atlantic division. The 12-month changes ranged from +15.6% in the West North Central division to +25.6% in the Mountain division.

“Record appreciation rates for the U.S. continued in July,” said Dr. Lynn Fisher, FHFA's deputy director of the Division of Research and Statistics. “Although the monthly pace of increase slowed in most Census Divisions in July, four areas experienced year-over-year growth rates in excess of 20% and all saw annual gains in excess of 15%.”

The FHFA HPI is the nation's only collection of public, freely available house price indexes that measure changes in single-family home values based on data from all 50 states and over 400 American cities that extend back to the mid-1970s. 

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Sep 29, 2021
MBA: Mortgage Payments Climb Despite Smaller Loan Amounts

September's $53 increase ended three months of payment relief, with affordability deteriorating in 39 states

Oct 30, 2026
Fannie, Freddie Credit-Loss Provisions Nearly Quadruple Despite Strong Profits

The mortgage giants recorded a combined $1.94 billion in third-quarter provisions, with higher projected rates extending credit exposure and signs of stress emerging among newer loans

Oct 30, 2026
Appraisal Fees Under Fire

Appraisers face stagnant pay and rising costs as AMCs defend their fees and new technology reshapes the industry

Oct 29, 2026
$11.6 Trillion In Home Equity Remains Rate-Locked, But Cracks Are Emerging

First American finds that locked-in accessible equity declined even as total equity reached a record $13.2 trillion

Oct 29, 2026
Nearly Half Of Foreclosures Involve Newer Loans As FHA Auctions Surge

ICE and Auction.com data reveal a growing concentration of recent mortgage vintages in foreclosure activity, with government-backed borrowers facing additional equity pressures

Oct 28, 2026
Young Homebuying Falls 15%, But Purchases With Older Co-Borrowers Hold Steady

Rocket Mortgage data shows purchases involving older co-applicants have remained resilient

Oct 27, 2026