FHFA House Price Index Report - October Data

FHFA News Releases

Published December 27th, 2024

Detected March 13th, 2026

Summary

The Federal Housing Finance Agency (FHFA) reported that U.S. house prices increased by 0.4% in October, with an annual rise of 1.7%. The September data was revised to a 0.1% decline. This notice provides the latest monthly and annual house price index data.

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What changed

The Federal Housing Finance Agency (FHFA) has released its monthly House Price Index (HPI) report for October, indicating a 0.4% increase in U.S. house prices for the month and a 1.7% increase year-over-year. The report also notes a downward revision of the September data to a 0.1% decline. This release provides updated statistics on home value changes across various geographic divisions and includes details on the methodology and data sources used by the FHFA HPI.

This is an informational release providing economic data and does not impose new regulatory requirements or deadlines on regulated entities. Compliance officers should note the data for market awareness and potential use in financial risk assessments. The next report, covering November data, is scheduled for release on January 27, 2026.

Source document (simplified)

for immediate release Washington, D.C. – U.S. house prices rose 0.4 percent in October, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 1.7 percent from October 2024 to October 2025. The previously reported 0.0 percent price change in September was revised downward to a 0.1 percent decline.

For the nine census divisions, seasonally adjusted monthly home price changes ranged from -0.4 percent in the East South Central division to +1.0 percent in the West South Central division. The 12-month changes ranged from -0.7 percent in the West South Central division to +5.3 percent in the Middle Atlantic division.

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. All the indexes (including their historic values) and information about future HPI release dates are available on FHFA’s website: https://www.fhfa.gov/HPI.

The next HPI report will be released on January 27, 2026, and will include monthly data through November 2025.

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.5 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on X @FHFA, YouTube, Facebook, and LinkedIn.

Contact: MediaInquiries@FHFA.gov