U.S. house prices rose 0.7% on a seasonally adjusted basis from September to October, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.7% decrease in September was revised downward to a 1.2% decrease. For the 12 months ending in October, U.S. prices fell 3.4%. The U.S. index is 14.5% below its April 2007 peak. The FHFA index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. For the nine census divisions, seasonally adjusted monthly price changes from September to October ranged from -2.3% in the East South Central division (Kentucky, Tennessee, Mississippi, Alabama) to +2.1% in the East North Central division (Michigan, Wisconsin, Illinois, Indiana, Ohio). Write to Kerry Curry.
Monthly FHFA house price index rises slightly in October
Most Popular Articles
Latest Articles
Pennsylvania home sales surge in March
Even as the spring homebuying season got off to a slow start across much of the U.S., one of the most populous states saw increased activity.
-
Ginnie Mae expands its monthly single-family reporting
-
Freddie Mac’s proposed home equity product could unlock $850B in originations
-
Brian Icenhower on impact of commission lawsuits and low volume
-
Opinion: If you’re chasing volume, you’re chasing the wrong carrot
-
Why are existing home prices rising when sales are still so low?