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U.S house price index, FHFA, seasonally adjusted (Q1 1991=100)
August, 29, 2020
United States
Real estate price trends in the United States. We use the Federal Housing Finance Agency quarterly indices for single-family detached properties, which use mortgage data from Fannie Mae and Freddie Mac. Another important data source is the S&P/ Case-Shiller Home Price Index, covering single-family houses in 20 major metropolitan areas. Both use the repeat-sales methodology.
House prices in U.S. (FHFA index, '), % change 1 yr
Nominal and inflation-adjusted ('real')
United States
Source: Federal Housing Finance Agency
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | 0.71 | 0.14 | ||
| 2019 | -0.95 | -0.26 | 0.1 | 1.17 |
| 2018 | 0.46 | -0.33 | 0.51 | 0.95 |
| 2017 | 0.36 | 0.42 | 1 | 1.88 |
| 2016 | 0.4 | -0.34 | 0.86 | 1.61 |
| 2015 | 0.93 | -0.08 | 1.27 | 1.96 |
| 2014 | 0.05 | -0.13 | 0.59 | 2.89 |
| 2013 | 1.24 | 4.32 | 3.18 | 2.71 |
| 2012 | -2.33 | 2.84 | 0.94 | 2.94 |
| 2011 | -3.54 | -1.19 | -1.1 | -1.08 |
| 2010 | -0.19 | 0.31 | -1.52 | -1.27 |
| 2009 | -5.96 | -2.45 | 2.06 | 1.56 |
| 2008 | -7.27 | -7.22 | -5.11 | -1.11 |
| 2007 | -1.59 | -4.12 | -3.16 | -5.13 |
| 2006 | 0.4 | -1.87 | -1.26 | 0.42 |
| 2005 | 3.34 | 2.81 | 1.01 | 4.4 |
| 2004 | 3.11 | 4.25 | 3.62 | 3.14 |
| 2003 | 0.67 | 2.33 | 2.86 | 5.03 |
| 2002 | 1.23 | 3.44 | 3.44 | 3.66 |
| 2001 | 2.04 | 0.48 | 1.88 | 2.62 |
| 2000 | 1.54 | 3.33 | 1.73 | 3.37 |
| 1999 | 1.53 | 1.99 | 1.65 | 2.5 |
| 1998 | 1.9 | 1.87 | 2.18 | 1.27 |
| 1997 | -0.1 | 0.97 | 0.69 | 2.01 |
| 1996 | -1.09 | -0.25 | -0.34 | 0.3 |
| 1995 | -1.33 | -1.23 | -0.25 | -0.07 |
| 1994 | -0.3 | -0.07 | -0.68 | 0.11 |
| 1993 | -1.52 | -1 | -0.99 | -0.43 |
| 1992 | -1.18 | -1.03 | -1.48 | -0.8 |
| 1991 | -3.14 | -0.61 | -0.29 | -0.66 |
| 1990 | -1.84 | -3.58 | -2.36 |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.