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ECON: FHFA House Price Index Up 0.6 Percent in January
Posted to: Micro News
Thursday, March 21, 2013 9:47 AM
Washington, DC – U.S. house prices rose 0.6 percent on a seasonally adjusted basis
from December to January, according to the Federal Housing Finance Agency’s monthly House
Price Index (HPI). The previously reported 0.6 percent increase in December was revised
downward to a 0.5 percent increase. For the 12 months ending in January, U.S. prices rose 6.5
percent. The U.S. index is 14.4 percent below its April 2007 peak and is roughly the same
as the September 2004 index level. National home prices have not declined on a monthly basis
since January 2012.
For the nine census divisions, seasonally adjusted monthly price changes from December to
January ranged from -0.7 percent in the New England division to +1.6 percent in the Pacific
division, while the 12-month changes ranged from +0.4 percent in the Middle Atlantic division to
+14.1 percent in the Mountain division.
FHFA uses the purchase prices of houses with mortgages owned or guaranteed by Fannie Mae
or Freddie Mac to calculate the monthly index. Monthly index values and appreciation rate
estimates for recent periods are provided in the table and graphs on the following pages. For complete historical data. See:
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