Here are the 14 most outrageously expensive neighborhoods for renters

Here are the 14 most outrageously expensive neighborhoods for renters

Markets where you'll spend more than half your income on living

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
W S

FHFA house prices up 0.4% in August, down from year-ago

/ Print / Reprints /
| Share More
/ Text Size+
U.S. house prices increased 0.4% in August, almost regaining the 0.7% revised decrease in July, but fell more than 2% from a year ago, according to the Federal Housing Finance Agency monthly House Price Index. Prices fell 2.4% in August from the year before and remain 13.6% below the peak in April 2007. In August, prices reached roughly the same point in the FHFA index measured in October 2004, heading up to the peak. The FHFA calculates is monthly index using purchase prices of houses backing mortgages sold to Fannie Mae and Freddie Mac. The FHFA has held those two companies in conservatorship since 2008. The analytics firm Clear Capital warned of possible new lows in prices heading into 2011 after sharp drops in October. The Standard & Poor's/ Case-Shiller 20-city index for August showed a 1.7% increase from a year ago and a 0.2% drop from July. For the nine Census divisions measured by the FHFA index, prices ranged from a 0.6% decline in the Mountain Division to a 1.5% increase in the West South Central Division. Write to Jon Prior.

Recent Articles by Jon Prior

Comments powered by Disqus