The Federal Housing Finance Agency (FHFA) published its house price index report for August 2021, showing house prices rose nationwide by 1 percent month-over-month and 18.5 percent year-over-year. The previously reported price change for July 2021, 1.4 percent, was unrevised.
“Annual house price gains remained extremely high in August but the pace of month-over-month gains continues to decelerate,” FHFA Deputy Director of the Division of Research and Statistics said in a release.
“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.”
Seasonally adjusted monthly house price changes for the nine census divisions ranged from -0.1 percent in the New England division to 1.9 percent in the South Atlantic division. Changes over 12 months ranged from 14.9 percent in the West North Central division to 25.8 percent in the Mountain division.