It’s not just Connecticut… House prices rise in all 50 States

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In a recent press release from the Federal Housing Finance Agency (FHFA), house prices have risen 18.7% from the first quarter of 2021 to the first quarter of 2022. The FHFA House Price Index (FHFA HPI®) were up 4.6% compared to the fourth quarter of 2021. more in their press release “U.S. House Prices Rise 17.5 Percent over the Last Year; Up 3.3 Percent from the Third Quarter

Additional Housing Price Findings:

  • ​The U.S. housing market has experienced positive annual appreciation each quarter since the start of 2012​.
  • House prices rose in all 5​0 states and the District of Columbia between the first quarters of 2021 and 2022. The five areas with the highest annual appreciation were: 1) Florida 29.8 percent; 2) Arizona 27.5 percent; 3) Utah 26.8 percent; 4) Tennessee 25.8 percent; and 5) Idaho 25.5 percent. The areas showing the lowest annual appreciation were: 1) District of Columbia 6.6 percent; 2) North Dakota 10.4 percent; 3) Alaska 10.5 percent; 4) Louisiana 12.3 percent; and 5) Iowa 12.5 percent.
  • House prices rose in all of the top 100 largest metropolitan areas over the last four quarters. Annual price increases were greatest in Cape Coral-Fort Myers, FL, where prices increased by 41.3 percent. Prices were weakest in Cambridge-Newton-Framingham, MA (MSAD), where they increased by 9.1 percent.
  • Of the nine census divisions, the Mountain division recorded the strongest four-quarter appreciation, posting a 24.0 percent gain between the first quarters of 2021 and 2022 and a 5.7 percent increase in the first quarter of 2022. Annual house price appreciation was weakest in the Middle Atlantic division, where prices rose by 14.6 percent between the first quarters of 2021 and 2022.