Dear Parents, don’t expect your homebuying Millennials to pay you back

Dear Parents, don’t expect your homebuying Millennials to pay you back

laonDepot graph shows they can barely save for retirement

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate; homeownership's 50-year low, bank highs and more

Here's how to handle electronic delivery of mortgage disclosures

So many aren't even ready for TRID
W S

FHFA: Home prices hit 2004 levels

/ Print / Reprints /
| Share More
/ Text Size+
House prices inched higher in July, but are down 3.3% for the year ended July 31 and 18.4% lower than the April 2007 peak, according to the Federal Housing Finance Agency. The regulator, which holds Fannie Mae and Freddie Mac in conservatorship, said July home prices increased 0.8% and are at levels last seen in March 2004. The agency lowered June's gain to 0.7% from a previously reported 0.9% increase. The FHFA index includes the price of properties backing mortgages sold to or guaranteed by the government-sponsored enterprises. Prices rose 3.6% in July in the West North Central Census region, according to the FHFA, while prices in the South Atlantic region fell 0.4% in July. The agency said the West North Central region, which includes the Plains States west of the Mississippi River, was the only area of the country to see home prices rise in the 12 months through the end of July. Write to Jason Philyaw. Follow him on Twitter: @jrphilyaw

Recent Articles by Jason Philyaw

Comments powered by Disqus