Economic Buzz: US house prices down 0.4% in April

U.S. house prices fell 0.4 percent in April, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI). House prices rose 3.0 percent from April 2024 to April 2025. The previously reported 0.1 percent price decline in March was revised upward to 0.0 percent.

The FHFA HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities.

FHFA releases HPI data and reports quarterly and monthly. The flagship FHFA HPI uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac.

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