Wednesday, October 23, 2019

FHFA House Price Index Up 0.2 Percent in August; Up 4.6 Percent from Last Year

by Calculated Risk on 10/23/2019 09:15:00 AM

From the FHFA: FHFA House Price Index Up 0.2 Percent in August; Up 4.6 Percent from Last Year

U.S. house prices rose in August, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 4.6 percent from August 2018 to August 2019. The previously reported 0.4 percent increase for July 2019 remains unchanged.

For the nine census divisions, seasonally adjusted monthly house price changes from July 2019 to August 2019 ranged from -0.8 percent in the East South Central division to +0.9 percent in the New England division. The 12-month changes were all positive, ranging from +3.9 percent in the Middle Atlantic and Pacific divisions to +6.5 percent in the Mountain division.
This is for purchase only, and for "single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac". This is down from 5.1% Year-over-year in July.