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Home Prices Show Signs of Abating

in Daily Dose, Data, Featured, News May 24, 2018 1,596 Views

Home prices in the U.S. rose 1.7 percent in the first quarter of 2018 according to the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI). The FHFA said that house prices rose 6.9 percent from the first quarter of 2017 and the first quarter of 2018.

"Home prices continue to rise across the U.S. but there are signs of tapering," said Dr. William Doerner, Senior Economist at FHFA. "Since housing markets began to rebound in 2012, house prices appreciation has been positive because demand has outpaced supply. In the last month, however, some regions reflect a slowing or even flattening of house price growth."

In this video, Doerner gives a breakdown of how prices performed across regions.

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About Author: Radhika Ojha

Radhika Ojha is an independent writer and editor. A former Online Editor and currently a reporter for MReport, she is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
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