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US House Price Falls 0.1%
AREA Press Release No. 227/2024: March 27, 2024

Dr.Sopon Pornchokchai, Ph.D. Dip.FIABCI, MRICS
President, Agency for Real Estate Affairs (AREA)

                          Dr.Sopon Pornchokchai, President, Agency for Real Estate Affairs disclosed the latest information on house prices in the United States of America and found that FHFA House Price Index Down 0.1 Percent in January;

Up 6.3 Percent from Last Year


Washington, D.C. – U.S. house prices fell in January, down 0.1 percent from December, according

to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index.


House prices rose 6.3 percent from January 2023 to January 2024. The previously reported 0.1 percent price increase in December remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from December 2023 to January 2024 ranged from -0.6 percent in the South Atlantic division to +1.5 percent in the West North Central division. The 12-month changes were all positive, ranging from +3.8 percent in the West South Central division to +8.7 percent in the East North Central division.


“U.S. house prices declined slightly in January, marking the first decrease since August 2022,” said

Dr. Anju Vajja, Deputy Director for FHFA’s Division of Research and Statistics. “However, the

year-over-year house price growth remained near the historical average.”


Source: https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/FHFA-HPI-Monthly_03262024.pdf