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October 23, 2014
FHFA house price index up 0.5%
The Federal Housing Finance Agency reports that its monthly House Price Index increased 0.5 percent in August based on numbers from mortgages sold to or guaranteed by government-sponsored enterprises Fannie Mae and Freddie Mac.
August marked the ninth consecutive monthly house price increase. House prices went up 4.8 percent since August 2013. The index remains 5.8 percent below the April 2007 peak and is now roughly at the August 2005 level.
Out of nine census divisions, monthly price changes from July to August went from an increase of 1.2 percent in the Mountain Division to a decrease of 0.6 percent in the New England and South Atlantic divisions. In the past year, all divisions saw increases, with the Pacific prices increasing the most with 7.8 percent.
The NAFCU research department released a report on existing-home sales in September this week, reporting that the median existing-home price decreased from a revised $218,400 in August to $209,700 in September.
August marked the ninth consecutive monthly house price increase. House prices went up 4.8 percent since August 2013. The index remains 5.8 percent below the April 2007 peak and is now roughly at the August 2005 level.
Out of nine census divisions, monthly price changes from July to August went from an increase of 1.2 percent in the Mountain Division to a decrease of 0.6 percent in the New England and South Atlantic divisions. In the past year, all divisions saw increases, with the Pacific prices increasing the most with 7.8 percent.
The NAFCU research department released a report on existing-home sales in September this week, reporting that the median existing-home price decreased from a revised $218,400 in August to $209,700 in September.
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