The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

How demographics shaped the housing market in 2021

The U.S. housing market entered a period of the best housing demographics ever recorded in history the same year that COVID grabbed hold of us.

@properties CEOs talk company growth and franchising

In this episode of HousingWire Daily, Mike Golden and Thad Wong from @properties discuss the future for the company including its nationwide franchising plans as it expands.

Keep Up With the Latest Third Party Origination News

Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion.

Real Estate

FHFA: U.S. house prices climb 5.2% in January

Across the nine census divisions, the South Atlantic division saw the strongest appreciation growth

House prices increased 5.2% in January from a year earlier, slowing from December’s annualized gain of 5.4%, according to a report from the Federal Housing Finance Agency.

The data is a snapshot of the market before it was hit by the COVID-19 pandemic, said Lynn Fisher, the deputy director of the division of research and statistics at FHFA. While the disease began spreading in China in December, it didn’t show up in the U.S. until mid-January, via an infected traveler, and the first case of person-to-person transmission in the U.S. wasn’t discovered until late February.

“Transactions in January were unlikely to reflect much if any, influence from the COVID-19 outbreak,” Fisher said. “House prices in the Pacific and South Atlantic regions grew somewhat faster over the year ending in January 2020 than observed the same time a year ago.”

The FHFA monthly HPI is calculated uses sales prices for single-family houses bought with mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. Because of this, the selection excludes high-end homes bought with jumbo loans as well as cash sales.

Across the nine census divisions, the South Atlantic division, including the Washington D.C. suburbs, saw the strongest appreciation growth, increasing by 6.4% January from a year earlier, according to the report.

The Mountain division, which includes Colorado, gained by 6.1%, and the Pacific area that includes California gained 5.2%. New England, including Massachusetts and Connecticut, grew 4.6%.

The smallest 12-month change was the 4.1% increase in the Middle Atlantic area, which includes New York, New Jersey and Pennsylvania.

Most Popular Articles

Treasury removes restrictions on investment properties

The Treasury Department and FHFA announced Tuesday that they are suspending certain requirements that were added in January to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac.

Sep 14, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please