• Home prices nationwide rose 18.5% in the year ending in the third quarter of 2021, accelerating from the 17.7% rate in the year ending in the second quarter of 2021. A year ago, the home prices were up 8.2% over the past year.
• In the third quarter of 2021, U.S. home prices rose at a 17.9% annual rate, decelerating from the second quarter’s 21.9% pace.
• The annual rate of growth in each of the last five quarters has been at least
  14.9%. During the last housing boom, the fastest annualized increase was the 11.0% pace set in the second quarter of 2005.
• Over the past five years, home prices rose at an 8.7% average annual rate. Over the past ten years, the average annual increase was 7.0%.
• Home prices in the second quarter were 55.2% higher than they were at their pre-recession peak in early 2007. In the fourteen-plus years since that peak, home prices have grown at an average annual rate of 3.1%.
• All data in this report reflect the prices of homes sold with conforming financing and are seasonally adjusted.
• Data for the fourth quarter of 2021 will be released on February 22, 2022.

Source: Federal Housing Finance Agency, House Price Index, seasonally adjusted quarterly data, November 30, 2021. Index based on the sales prices of homes financed with conventional conforming loans. These figures reflect only purchase transactions (no refinance transactions are included). Information is accurate as of November 30, 2021, and is subject to change without notice. www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx.