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The Federal Housing Finance Agency (FHFA) has released its monthly House Price Index for August. The index calculates prices paid to purchase houses that are backed by mortgages sold to or guaranteed by Freddie Mac or Fannie Mae. The HPI was down 0.1 percent from July to 183.02 on a seasonally adjusted basis and the July HPI was revised down from a previously reported 0.8 increase over July to no change from June at 183.23. The index is -4 percent below its 190.72 level in August 2010. Among the...

Home price are continued their slow recovery from the double dip experienced in late 2010 and early 2011, but recent price performance indicates the market may be " flirting " with a possible triple-dip by early 2012 . The Home Data Index TM (HDI) for October which was released Thursday by Clear Capital shows a continued quarter-to-quarter softening of home price gains. Using a rolling average, prices in the current report increased by 3.5 percent compared to a 4.0 percent increase reported in September...

Last week RadarLogic, a real estate data and analytics company, submitted a proposal, which we covered here , to the Federal Housing Finance Agency (FHFA) in response to a Request for Information regarding the proposed bulk sale of government owned real estate (REO). Wednesday, in their RPX Monthly Housing Market Report, they provided the latest information on their RPX Composite Price, and used updated data to restate and demonstrate the need for and urgency of their plan. In brief, the company...

The Federal Housing Finance Agency ( FHFA ) has released its seasonally adjusted purchase-only house price index (HPI) for the second quarter of 2011 and for the fourth consecutive quarter it reports that those prices declined nationwide. The HPI measures prices recorded for repeat home sales using Freddie Mac or Fannie Mae mortgages. During the period which ended June 30 there was a deterioration of national home prices of 0.62 percent. During June, the last month in the current reporting period...

Home prices in much of the nation increased in May according to the S&P/Case Shiller Home Prices Indices (HPI) released on Tuesday. May was the second straight month when both the 10 and 20-City composite indices increased. When compared to May 2010, however, only one Metropolitan Statistical Area (MSA), Washington DC, reported an annual increase and that was a modest 1.3 percent. On a non-seasonally adjusted basis, the 10-City Composite increased 1.1 percent in May and the 20-City was up 1.0...

Fannie Mae's Economic and Mortgage Market Analysis for July describes second quarter economic data received so far as "discouraging," and forecasts growth will likely end up at about the same anemic pace as in the first quarter, an annualized rate of 1.9 percent. While the main culprits responsible for the restrained growth are higher gasoline prices and the supply chain disruptions growing out of the cascading disasters following the Japan earthquake, the tepid housing recovery is another reason...

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the magnitude of the trajectory. The mid-year report, released on Thursday, solidifies the impression of an improving situation. Foreclosure filings nationwide were down 29 percent during the first half of 2011 compared to the last half of 2010 and were 25 percent lower than filings during the first half of last year. Still, the numbers are still depressing; one in...