Lunch & Learn: The State of Housing

As housing supply dwindles, affordability concerns grow while competition heats up the market. This Lunch & Learn will examine the current state of housing, featuring experts who have an eye on the market.

HousingWire Annual Virtual Summit

Join us on October 25 for a chance to see a handpicked selection of sessions from HousingWire Annual along with technology demos from the most innovative tech companies! Register now for FREE to experience HW Annual just like you were there.

How credit scores impact lenders’ pipelines in a purchase market

When a lender works with a borrower to improve their credit score, they are able to offer the most competitive rate and terms. Learn more here!

Volly’s Grant Moon on challenges facing veterans

In this episode of HousingNews, we are joined by Grant Moon who discusses the difficulties veterans face during the home-buying process and misconceptions about VA loans.

Real Estate

FHFA: U.S. home prices climb 5% from last October

The West South Central and East South-Central divisions see strongest price growth

Home prices increased in October, rising only 0.2% from the previous month but up 5% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to or guaranteed by, Fannie Mae and Freddie Mac. Because of this, the selection excludes high-end homes bought with jumbo loans or cash sales.

The report explains across the nine census divisions, the West South Central and East South-Central divisions saw the strongest appreciation growth, as both rose by 0.7% in October. The East North-Central division, which experienced no growth, saw appreciation decline by 0.5%.

According to the FHFA, the 12-month changes were all positive, with the New England division posting the smallest gain of 3.5%, and the Mountain division leading the way with a 6.7% increase.

These are the states located in each division mentioned:

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

East South-Central: Kentucky, Tennessee, Mississippi, Alabama

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

New England division: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

The chart below compares 12-month price changes to the prior year:

Most Popular Articles

Fannie Mae: Mortgage rates and home prices will rise in ’22

Economists at Fannie Mae expect higher mortgage rates and home prices next year due to higher inflation, a tightening of monetary policy, and low home inventory

Oct 15, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please