The Federal Housing Finance Agency Q3 report was released today. “House price appreciation reached its highest historical level in the quarterly series,” said William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics. “Compared to a year ago, annual gains have increased in every state and metro area. Real estate prices have risen exceptionally fast, but market momentum peaked in July as month-over-month gains have moderated.”
Of the nine census divisions, the Mountain division recorded the strongest four quarter appreciation, posting a 25.0 percent gain between the third quarters of 2020 and 2021 and a 5.8 percent increase in the third quarter of 2021.
See the whole report here.
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