The U.S. housing market has slowed, after ** consecutive years of rising home prices. In 2021, house prices surged by an unprecedented ** percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by *** percent. That was lower than the long-term average of *** percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of **** percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over ******* U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

The price of existing dwellings in the UK increased significantly between 1990 and 2023. Existing housing reached a value of 331,000 British pounds in 2023. That was slightly lower than the previous year, when house prices peaked, but a substantial increase since 2019 when prices started to rise rapidly. Overall, flats or maisonettes in converted houses were the most affordable housing type in the UK in 2023.

House Price Index: Annual: High Rise Unit: Johor data was reported at 157.700 1990=100 in 2001. This records a decrease from the previous number of 163.100 1990=100 for 2000. House Price Index: Annual: High Rise Unit: Johor data is updated yearly, averaging 149.850 1990=100 from Dec 1988 (Median) to 2001, with 14 observations. The data reached an all-time high of 196.000 1990=100 in 1997 and a record low of 93.900 1990=100 in 1988. House Price Index: Annual: High Rise Unit: Johor data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB003: House Price Index: 1990=100.

Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q1 2025 about sales, housing, and USA.

House Price Index: Annual: Detached House: Perak data was reported at 135.800 1990=100 in 2001. This records an increase from the previous number of 132.500 1990=100 for 2000. House Price Index: Annual: Detached House: Perak data is updated yearly, averaging 119.550 1990=100 from Dec 1988 (Median) to 2001, with 14 observations. The data reached an all-time high of 159.500 1990=100 in 1997 and a record low of 93.100 1990=100 in 1988. House Price Index: Annual: Detached House: Perak data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB003: House Price Index: 1990=100.

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q1 2025 about sales, median, housing, and USA.

House Price Index YoY in the United States decreased to 3 percent in April from 3.90 percent in March of 2025. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

Graph and download economic data for All-Transactions House Price Index for the United States (USSTHPI) from Q1 1975 to Q1 2025 about appraisers, HPI, housing, price index, indexes, price, and USA.

House Price Index: Semi Detached House: Malaysia data was reported at 156.800 1990=100 in Dec 2001. This records an increase from the previous number of 156.200 1990=100 for Jun 2001. House Price Index: Semi Detached House: Malaysia data is updated semiannually, averaging 154.000 1990=100 from Jun 1997 (Median) to Dec 2001, with 10 observations. The data reached an all-time high of 159.500 1990=100 in Dec 1997 and a record low of 132.700 1990=100 in Jun 1999. House Price Index: Semi Detached House: Malaysia data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB003: House Price Index: 1990=100. Rebased from 1990=100 to 2000=100 . Replacement Series ID:31884701.

The price of existing dwelling units in Great Britain significantly grew between 1990 and 2023. The simple average price of existing homes amounted to 335,000 British pounds in 2023. That was a decrease of 11,000 British pounds from a year ago, when prices were are their peak.

Graph and download economic data for Residential Property Prices for Japan (QJPN628BIS) from Q1 1955 to Q4 2024 about Japan, residential, HPI, housing, price index, indexes, and price.

Graph and download economic data for All-Transactions House Price Index for California (CASTHPI) from Q1 1975 to Q1 2025 about appraisers, CA, HPI, housing, price index, indexes, price, and USA.

Housing Index in Hong Kong increased to 136.13 points in June 22 from 135.60 points in the previous week. This dataset provides - Hong Kong House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

House Price Index: Annual: Detached House: Melaka data was reported at 152.200 1990=100 in 2001. This records an increase from the previous number of 131.800 1990=100 for 2000. House Price Index: Annual: Detached House: Melaka data is updated yearly, averaging 130.200 1990=100 from Dec 1988 (Median) to 2001, with 14 observations. The data reached an all-time high of 199.000 1990=100 in 1997 and a record low of 90.500 1990=100 in 1988. House Price Index: Annual: Detached House: Melaka data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB003: House Price Index: 1990=100.

Graph and download economic data for All-Transactions House Price Index for New York (NYSTHPI) from Q1 1975 to Q1 2025 about appraisers, NY, HPI, housing, price index, indexes, price, and USA.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

House price index in Hong Kong, December, 2024 The most recent value is 192.55 index points as of Q4 2024, a decline compared to the previous value of 193.83 index points. Historically, the average for Hong Kong from Q1 1990 to Q4 2024 is 121.29 index points. The minimum of 28.36 index points was recorded in Q1 1990, while the maximum of 263.65 index points was reached in Q3 2021. | TheGlobalEconomy.com

Graph and download economic data for All-Transactions House Price Index for Muncie, IN (MSA) (ATNHPIUS34620Q) from Q4 1990 to Q1 2025 about Muncie, IN, appraisers, HPI, housing, price index, indexes, price, and USA.

Housing Index in Germany increased to 218.58 points in May from 217.43 points in April of 2025. This dataset provides the latest reported value for - Germany House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.