REAL ESTATE NEWS...FHFA House Price Index Up 0.6 Percent in July

FHFA House Price Index Up 0.6 Percent in July

FOR IMMEDIATE RELEASE

9/22/2015

 Washington, D.C. – U.S. house prices rose in July, up 0.6 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI).  The previously reported 0.2 percent change in June remains unchanged.  

The FHFA HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.  From July 2014 to July 2015, house prices were up 5.8 percent.  The U.S. index is 1.1 percent below its March 2007 peak and is roughly the same as the November 2006 index level. 

For the nine census divisions, seasonally adjusted monthly price changes from June 2015 to July 2015 ranged from -1.2 percent in the New England division to +1.6 percent in the Mountain division.  The 12-month changes were all positive, ranging from +2.1 percent in the New England division to +9.4 percent in the Mountain division.

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