U.S. House Price Index Is Up More Than 18 Percent YOY

Oct 26, 2021

Photo of digital houses on an incremental stack of coins. Credit: iStockphoto.com/nopparit

Director of Events

The Federal Housing Finance Agency's House Price Index reported a 1% increase in house prices from last month and a 18.5% increase year-over-year.

The latest House Price Index provides little hope for prospective homebuyers who are expecting home prices to dip before they continue their search for a home. That being said, this could mark the peak of annual gains.

For the nine census divisions, seasonally adjusted monthly house price changes from July 2021 to August 2021 ranged from-0.1% in the New England division to +1.9% in the South Atlantic division. The 12-month changes ranged from +14.9% in the West NorthCentral division to +25.8% in the Mountain division.

“Annual house price gains remained extremely high in August but the pace of month-over-month gains continues to decelerate,” said Dr. Lynn Fisher, FHFA’s deputy director of the Division of Research and Statistics. “This does not mean house prices are at risk of declining—far from it, they continue to climb at a double-digit pace in all regions—but it does suggest we may have seen the peak in annual gains for the time being.”

About the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

Link copied

Published

Oct 26, 2021

Analysis and Data

MBA: Mortgage Payments Climb Despite Smaller Loan Amounts

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

Three months of declining mortgage payments came to an end in September, as higher rates pushed the median monthly payment on purchase applications up $53 despite a slight decline in loan amounts.The median principal-and-interest payment rose to $2,215 from $2,162 in August,...

Jumbo

Aven Brings HELOC-Style Financing to Home Purchases, Promising Seven-Day Closings

The $2 million credit line combines 30-year fixed-rate repayment with reusable borrowing capacity

Fintech lender Aven is taking its home-equity lending model into the purchase mortgage market, offering qualified buyers up to $2 million in financing and promising closings in as little as seven days.The California-based company announced Friday that its new Home Purchase L...

Jan

Uncasville, CT

More from

Analysis and Data

MBA: Mortgage Payments Climb Despite Smaller Loan Amounts

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

Analysis and Data

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

Analysis and Data

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

Analysis and Data

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

Analysis and Data

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

Analysis and Data

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

Analysis and Data

Oct 27, 2026

Popular