Mortgage

FHFA: Home prices slightly rise in April

Prices grew across all regions over the year

Home prices slightly increased in April, inching up 0.3% from March, the latest house price index from the Federal Housing Finance Agency said. 

The previously reported 0.3% change in March remains unchanged.

Then index is based on home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac.

From April 2014 to April 2015, house prices were up 5.3%.

To put this in perspective, the index is 2.3% below its March 2007 peak and is roughly the same as the February 2006 index level.

For the nine census divisions, monthly price changes from March 2015 to April 2015 ranged from -0.8% in the East North Central division to 1.4% in the West North Central division. 

However, the 12-month changes were all positive, ranging from 2.3% in the Middle Atlantic division to 7.5% in the Pacific division.

Click to enlarge

index

Source: FHFA

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