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

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.