Tuesday, September 24, 2019

FHFA House Price Index Up 5.0% Year-over-year

by Calculated Risk on 9/24/2019 05:14:00 PM

CR Note: Although I rarely report on the FHFA house prices index, they are an excellent resource. There are differences between Case-Shiller and the FHFA index. A key difference is that the FHFA index is for Fannie and Freddie mortgages only (there is an expanded index too). There was a time when the OFHEO index (now FHFA) was the only repeat sales index publicly available - and I reported on it every month years ago.

From the FHFA: FHFA House Price Index Up 0.4 Percent in July; Up 5.0 Percent From Last Year

U.S. house prices rose in July, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.0 percent from July 2018 to July 2019. The previously reported 0.2 percent increase for June 2019 remains unchanged.

For the nine census divisions, seasonally adjusted monthly house price changes from June 2019 to July 2019 ranged from +0.1 percent in the Middle Atlantic division to +1.2 percent in the Mountain division. The 12-month changes were all positive, ranging from +3.6 percent in the Middle Atlantic division to +7.6 percent in the Mountain division.
The various FHFA indexes are here.