Us House Price Inflation Slows In March 2024. Housing experienced an average inflation rate of 4.27%. House prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the federal housing finance agency (fhfa) house price index (fhfa hpi®).

Existing home sales, which account for the bulk of u.s. Price pressures in recent years even as the fed raised borrowing costs aggressively to bring down.