Home >> News >> Data >> FHFA Records Price Gains for 22nd Straight Month
Print This Post Print This Post

FHFA Records Price Gains for 22nd Straight Month

The ""Federal Housing Finance Agency's"":http://www.fhfa.gov/ (FHFA) monthly ""House Price Index"":http://www.fhfa.gov/webfiles/25952/MonthlyHPI012314Final.pdf (HPI) slowed its upward march substantially in November, rising only 0.1 percent compared to October's 0.5 percent.


November's increase marked the 22nd straight monthly gain in FHFA's purchase-only, seasonally adjusted index. As of the end of the month, the U.S. index was 8.9 percent below its April 2007 peak, resting at roughly the same level as it was in April 2005.

Year-over-year, house prices improved 7.6 percent.
Across the country, monthly price changes ranged from -1.4 percent in the Census' East South Central division to +0.5 percent in the Mountain, West North Central, and East North Central regions.

Yearly changes were all positive, with the lowest increase reported for the Middle Atlantic division (+3.2 percent) and the highest reported in the Pacific division (+15.4 percent).

FHFA's price index is calculated using sales price information from loans either sold to or guaranteed by Fannie Mae and Freddie Mac.


Check Also

Single-Family Rental Roundtable Explores the State of SFR Markets

Five Star’s annual Single-Family Rental & Investment Roundtable on Tuesday united investors, service providers, and experts to discuss how volatile factors such as inflation, escalating interest rates, and affordability concerns impact the ongoing growth and investment opportunities within the single-family rental market.