U.S. home prices rose 5.8 percent year-over-year in July, with all nine regions experiencing increases. According to the Federal Housing Finance Agency’s (FHFA) House Price Index, four regions saw year-over-year price appreciation that exceeded the national average. Home prices rose the most (9.4 percent) in the Mountain region.
- Mountain and Pacific regions continue to outperform other divisions; a number of cities in these regions are leading the nation in terms of home price appreciation.
- New England continues to be the worst performing region.
- South Atlantic and West South Central regions are also performing above national average.