WASHINGTON—Single-family home prices increased at the annualized rate of 19.4% in Q2, down slightly from the previous quarter’s upwardly revised 20.5%, according to Fannie Mae’s latest Home Price Index (FNM-HPI) reading. The HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 4.3% in Q2 2022, Fannie Mae said. ‘Near-Historic Pace’ “Home prices maintained a near-historic pace of appreciation in the second quarter, as low levels of housing inventory continued to support price growth,” said Doug Duncan, Fannie Mae senior vice president and chief...
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