FHFA Says Annual Price Gains Still Over 6 Percent

Posted To: MND NewsWireLike most measures of monthly home price appreciation, the Federal Housing Finance Agency’s House Price Index (HPI) has slowed in recent months but not quite as much as others. That index, which is based on the sales prices of homes financed with mortgages from either Freddie Mac or Fannie Mae, rose 0.3 percent in August on a seasonally adjusted basis. The July increase, reported at 0.2 percent, was revised upward to 0.4 percent. On a year-over-year basis the increase nationwide was 6.1 percent, again showing significant slowing since the first of the year but remaining stronger than most other indices. In January and February 2018 the annual increases were running over 7 percent, decelerating to 6.5 percent by June. Among the nine census divisions the only decline in the seasonally adjusted…(read more)Forward this article via email:¬†¬†Send a copy of this story to someone you know that may want to read it.

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Michael Ayoub, Author NMLS ID 6631