Send Article via Email

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:

More from MND:

• MND NewsWire: Distressed Sales Fall Under 25 Percent in California
• MND NewsWire: House Rejects CFPB Testimony on Qualified Mortgage Rule
• Pipeline Press: Mel Watt Hearings; Current Origination Numbers; Foreclosure Process Slowdown Merely a Hiccup
• MBS Commentary: MBS MID-DAY: THIS IS WHY YOU WANT MBS LIVE!
• MND NewsWire: Substantial Decline in Foreclosure Inventory Noted in LPS Report

If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.