Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

Zillow plans event to “hack” housing

Offers $10,000 prize for creative solutions to jumpstart market

CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme

Mega banks will pay $35.7 million total
W S
The Ticker

FHFA home price index now equals 2004 levels

/ Print / Reprints /
| Share More
/ Text Size+

U.S. home prices rose 3.7% for the 12-month period ending in July when compared to year earlier levels, the Federal Housing Finance Agency said Tuesday.

The index edged up 0.2% from June to July, and June's reported 0.7% increase was revised down to 0.6%.

The U.S. home price index is still 16.4% below the peak reached in April 2007, but is now at roughly the same level obtained in June 2004, according to the FHFA index.

The FHA obtains its data by studying the purchase prices on mortgages owned or guaranteed by Fannie Mae and Freddie Mac.

The report comes out the same day that the S&P Case-Shiller shows July prices rising in both the 10-city and 20-city composite indices.

kpanchuk@housingwire.com

Recent Articles by HousingWire Staff

Comments powered by Disqus