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House price index up according to the Federal Housing Finance Agency

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FHFA: House Price Index up 0.3% in Aug., 6.1% for year

WASHINGTON – Oct. 24, 2018 – U.S. house prices rose 0.3 percent in August month-to-month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). A previously reported 0.2 percent increase in July was revised upward to 0.4 percent.

FHFA calculates its monthly HPI using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

From August 2017 to August 2018, house prices were up 6.1 percent.

For the nine census divisions, seasonally adjusted monthly price changes from July 2018 to August 2018 ranged from -0.7 percent in the Middle Atlantic division to +0.8 percent in the Pacific division.

Year-to-year, the 12-month changes were positive in all divisions, ranging from +4.0 percent in the Middle Atlantic division to +8.4 percent in the Mountain division.

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Reprinted with permission Florida Realtors. All rights reserved. 

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