Price growth varied widely by region. On a monthly basis, increases ranged from flat growth in the Middle Atlantic division to a 1.1% gain in the East South Central division. Over the past year, prices declined in the Pacific division, down 0.4%, while the East North Central region posted the strongest annual increase at 5.1%, the FHFA said. Several regions continued to show cooling compared with a year earlier.
For the Washington Post's Department of Data, Andrew Van Dam looks at historical home prices in cities, dating back to 1890. We often treat buying a house in the United States as an investment that grows faster than inflation. In some cities like Los Angeles, Boston, and Seattle, with relatively high house prices, this is definitely the case. In other cities, like Cleveland, Detroit, and Pittsburgh, house prices mostly stuck with inflation, no different from spaghetti or sprockets.
