U.S. home prices rose 1.4 percent between June and July 2021, and 19.2 percent year over year, according to a price index released Tuesday by the Federal Housing Finance Agency.

U.S. home prices rose 1.4 percent between June and July 2021, according to a price index released Tuesday by the Federal Housing Finance Agency.

Those gains were nearly on par with home price gains seen in June, which were revised upwards by one-tenth of a percent to a gain of 1.7 percent from May 2021. Home prices also rose a remarkable 19.2 percent year over year between July 2020 and July 2021.

“Record appreciation rates for the U.S. continued in July,” Dr. Lynn Fisher, FHFA’s deputy director of the division of research and statistics, said in a statement. “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 percent and all saw annual gains in excess of 15 percent.”

Across the nine census divisions, monthly home price changes were greatest in the South Atlantic division where prices were up 1.9 percent from June. Prices changed the least in the West North Carolina division, where they increased by just 0.8 percent. from the previous month. Year over year, prices were up the most in the Mountain division, where they increased 25.6 percent from July 2020. Prices made the smallest annual gains in the West North Central division, where they rose by 15.6 percent from the previous year.

The FHFA HPI measures changes in single-family home values based on home sales data across over 400 U.S. cities in all 50 states. The HPI is based on “a weighted, repeat-sales statistical technique to analyze house price transaction data.”

Email Lillian Dickerson

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×