Home Prices Rose Modestly In January

26 March 2020

Home Prices Rose Modestly In January

Inman News

The cost of an average home rose 0.3% in January and 5.2% year over year.

Home prices rose 0.3 percent nationwide in January and 5.2 percent year-over-year, according to the latest data by the Federal Housing Finance Agency (FHFA) released on Wednesday.

“U.S. house prices continued to increase at a moderate pace in January,” Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA, said in a statement. “Transactions in January were unlikely to reflect much, if any, influence from the COVID-19 outbreak. House prices in the Pacific and South Atlantic regions grew somewhat faster over the year ending in January 2020 than observed the same time a year ago.”