Home prices in the U.S. rose 1.7 percent in the first quarter of 2018 according to the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI). The FHFA said that house prices rose 6.9 percent from the first quarter of 2017 and the first quarter of 2018.
"Home prices continue to rise across the U.S. but there are signs of tapering," said Dr. William Doerner, Senior Economist at FHFA. "Since housing markets began to rebound in 2012, house prices appreciation has been positive because demand has outpaced supply. In the last month, however, some regions reflect a slowing or even flattening of house price growth."
In this video, Doerner gives a breakdown of how prices performed across regions.