FHFA HPI Up From Last Year as Prices Rose in August
According to the Federal Housing Finance Agency’s seasonally adjusted monthly House Price Index, residential property values throughout the U.S. experienced an increase of 0.3% in August relative to July. Year-over-year, house prices demonstrated growth of 2.4% from August 2025 through August 2026. Further, the previously disclosed monthly price appreciation of 0.3% in July was subsequently adjusted downward to 0.2%.
Across the nine census divisions, seasonally adjusted monthly residential price fluctuations ranged from a decline of 0.8% in the New England division to an appreciation of 2.1% in the East South Central division. The twelve-month price variations extended from an increase of 0.5% in the Mountain division to an increase of 4.4% in the East North Central division.
Change in FHFA State House Price Indexes (Seasonally Adjusted, Purchase-Only Index, Q2 2026):
| State | Rank | 1 Quarter | 1 Year |
|---|---|---|---|
| Alaska | 1 | 1.18 | 8.30 |
| Vermont | 2 | 1.56 | 7.29 |
| Hawaii | 3 | 4.71 | 5.82 |
| Illinois | 4 | 0.51 | 5.61 |
| West Virginia | 5 | 1.91 | 5.58 |
| Wisconsin | 6 | 1.12 | 4.82 |
| North Dakota | 7 | 1.05 | 4.80 |
| Connecticut | 8 | 0.89 | 4.69 |
| Rhode Island | 9 | 2.37 | 4.65 |
| New Jersey | 10 | 1.03 | 4.59 |
The next HPI report, scheduled for release on November 24, 2026, will encompass monthly data extending through September 2026 and quarterly data covering the third quarter of 2026.
Note: The FHFA HPI is a comprehensive collection of publicly available house price indexes that tracks changes in single-family home values across the United States. The data extend back to the mid-1970s and cover all 50 states and more than 400 American cities. Drawing on information from over 100 million home sales and refinance transactions, the FHFA HPI provides detailed insights into house price trends at the national, census division, state, metropolitan area, county, ZIP code, and census tract levels. FHFA employs a transparent, weighted repeat-sales methodology to measure changes in home prices using historical housing transaction data.
To read the full report, click here.
The post FHFA HPI Up From Last Year as Prices Rose in August first appeared on The MortgagePoint.
