House prices rose 0.8% in April on a seasonally adjusted basis, according to the Federal Housing Finance Agency’s monthly house price index.
The agency downwardly revised its 1.8% increase in March to a 1.6% increase. For the 12 months ending in April, U.S. prices rose 3%.
The index is 17.6% below its April 2007 peak and is roughly the same as the April 2004 index level.
For the nine census divisions, seasonally adjusted monthly price changes from March to April ranged from -1.2% in the New England division to +2.2% in the Pacific division. Click on the image below for a further breakout.
The FHFA monthly index is calculated using purchase prices of houses with mortgages guaranteed by Fannie Mae or Freddie Mac.
— Justin T. Hilley