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MortgageReal Estate

FHFA house price index rises slightly

Mild change since last quarter

U.S. housing prices in November rose on a 0.5% seasonally adjusted basis from the previous month, the latest Federal Housing Finance Agency monthly House Price Index showed.

The previous reported 0.5% increase in October is unchanged.

According to the FHFA report, from November 2014 to November 2015, house prices were up 5.9%. The index levels for October and November 2015 exceeded the prior peak level from March 2007.

From October 2015 to November 2015, in the nine census divisions, seasonally adjusted monthly price changes, ranged from -0.4% in the West South Central division to 1.8% in the Mountain division.

The 12-month changes were all positive with a 2.6% rise in the Middle Atlantic division and 10% jump in the Mountain division. 

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3d rendering of a row of luxury townhouses along a street

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