The FHFA House Price Index increased 0.4% MoM and 4.7% YoY in December, above the 0.2% MoM increased expected.

• The November annual rate was revised up from 4.2% YoY to 4.5% YoY.
• In Q4 2024, the index was up 1.4% QoQ. The US housing market has experienced positive annual appreciation each quarter since the start of 2012.
• The annual rate in Q4 2024 of 4.5% YoY was the lowest Q4 growth since 2014.