Home Prices Up in February
The U.S. Federal Housing Finance Agency’s House Price Index found home prices rose 0.1% in February nationwide and 3.9% from 2024.
WASHINGTON – U.S. house prices rose 0.1% in February, according to the U.S. Federal Housing Finance Agency’s seasonally adjusted monthly House Price Index (FHFA HPI). House prices rose 3.9% from February 2024 to February 2025. The previously reported 0.2% price growth in January was revised upward to 0.3%.
For the nine census divisions, seasonally adjusted monthly home price changes ranged from -0.8% in the Pacific division to +1.3% in the New England division. The 12-month changes were all positive, ranging from +0.9% in the Pacific division to +7.0% in the Middle Atlantic division.
In the South Atlantic census division, which includes Florida, seasonally adjusted monthly home prices rose 0.3%. For the one-year period between February 2024 to February 2025, home prices rose 3.2%
The FHFA HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. It incorporates tens of millions of home sales and offers insights about house price changes at the national, census division, state, metro area, county, ZIP code, and census tract levels. FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.
FHFA releases HPI data and reports quarterly and monthly. The flagship FHFA HPI uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac. Additional indexes use other data, including refinances, mortgages insured by the Federal Housing Administration and real property records.
Source: U.S. Federal Housing Finance Agency
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