It probably shouldn’t be a surprise to anyone that home prices haven’t been moving much lately. In fact, the latest S&P Cotality Case-Shiller index, released on Tuesday, actually dashed hopes for a spring recovery, according to one economist.
Participate in the INMAN Intel Index Survey
New data from the Federal Housing Finance Agency (FHFA), also released on Tuesday, sheds more light on the situation. According to this data, U.S. home prices rose by only 0.46% in the first quarter of 2026 compared to the previous three months. This is the worst first-quarter home price growth in at least a decade, according to an FHFA report on the data.
To visualize the situation, Inman plotted years of data on the graph below. Zoom in to see a shorter time frame and scroll down to see how your state is doing.
housing market data
US home price growth, 1991-2026
FHFA Purchase-Only Home Price Index, seasonally adjusted, nominal. Quarterly changes and year-over-year changes.
latest quarter
+0.46%
Q1 2026
YoY comparison
+1.65%
From Q1 2025 to Q1 2026
Bottom price compared to previous year
−0.17%
Q4 2008
Quarterly trends
YoY comparison
FHFA HPI quarterly and year-over-year price changes from 1991 to 2026.
Data by state
Housing price trends by state
FHFA Buy-Only Home Price Index, period ending Q1 2026. Hover over any state to see details.
Please select a period:
1 year
quarter
5 years
Since 1991
Top 5 — Gratitudes from the past year
Bottom 5 — 1 year appreciation amount
