The great thing about the FHFA numbers is that these ARE NOT average sales prices, but rather house price fluctuations at the national, census division, state, metro, country, and zip code levels for all 50 states and over 400 American cities since 1991.
Several things are interesting about this report:
- U.S. house prices rose 12.6 percent from the first quarter of 2020 to the first quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®).
- Of the nine census divisions, the Mountain division experienced the strongest four- quarter appreciation, posting a 15.7 percent gain between the first quarters of 2020 and 2021 and a 4.8 percent increase in the first quarter of 2021.
- Since 1991 Colorado’s house prices have risen 460.36%, which is more than any other state
- Since 1991 the Denver/Lakewood/Aurora prices have risen 509.89% which is the 3rd most of 100 major cities in the country behind Austin, and Salt Lake City.
Click here to view the entire report – https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/2021Q1_HPI.pdf
I hope you find this interesting. If you have questions just call me.
Todd Groth | 720.203.9624 | [email protected]