RHPI reveals inflation-adjusted metro home values over the years

After adjusting, house prices aren't as hot as they seem
  • First American Real House Price Index shows house prices have fallen 39.9 percent since the pre-recession peak when adjusting for inflation.
  • Real house prices are 19 percent lower than they were in 2000.
  • Unadjusted, the national price level is 2.9 percent away from the housing-boom peak in 2007.

First American Financial Corporation released the Real House Price Index (RHPI) for homes in America. The report traces data to 2000 and is compiled in a way that measures home prices and affordability based on adjusted income and changing interest rates. The RHPI in America is currently 39.6 percent lower than it was during the pre-recession peak in 2006.