US FHFA House Price Index
US FHFA House Price Index stood at 719.87 in Q2 2026, according to FRED (Federal Reserve Bank of St. Louis). It is one of the indicators in the FHFA house price index by region table (Value · Quarterly), with a complete series running from Q1 1975 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the FHFA house price index by region table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| National9 | 719.87 | 712.2 | 707.22 | 704.26 | 700.24 | 689.94 | 684.87 | 681.12 | 674.27 | 658.64 | |
| New England | 1,072.44 | 1,055.68 | 1,046.43 | 1,039.29 | 1,031.69 | 1,006.68 | 995.37 | 989.68 | 977.39 | 942.22 | |
| Middle Atlantic | 952.65 | 933.77 | 924.19 | 919.1 | 908.14 | 884.33 | 872.91 | 865.89 | 852.1 | 823.49 |
Understanding US FHFA House Price Index
The United States FHFA House Prices by Region tracks price volatility levels for single-family houses nationwide, primarily by comparing valuations or transfers of the same real estate. This repeat-transactions approach limits the influence of changing sold-house structures, meaning this is neither an average nor a median house price. The national indicator aggregates all regions in the table; the remaining indicators represent individual regions only and may diverge due to local supply and demand conditions.
The index level should be read as a relative position compared to the base period, while the growth rate indicates whether prices are increasing or decreasing. Quarter-on-quarter comparisons are suitable for identifying recent momentum if the series is seasonally adjusted; year-on-year comparisons are more useful when wishing to avoid seasonal fluctuations. Observations near the end of the series may be updated when additional data becomes available. The index also does not fully represent cash transactions or all real estate segments.
Frequently asked questions
- Does a rising index mean every home is more expensive?
- No. This is an aggregate movement of real estate within the data scope, while individual homes can change in price quite differently.
- Why does the index differ from the median selling price?
- The median selling price depends heavily on the type of homes transacted, whereas this index is based on price movements of the same real estate across observations.
- Should one prioritize quarter-on-quarter or year-on-year comparisons?
- Quarter-on-quarter provides a fresher signal, while year-on-year is often more reliable when it is unclear whether the series is seasonally adjusted.