FHFA Home Price Index Continues to Rise
FHFA Home Price Index Continues to Rise
FHFA Home Price Index Continues to Rise
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Monthly home prices in the United States continued to improve from October to November according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).

For the second consecutive month, November’s home prices were 5.6 percent higher than they were the previous year but are still 15.2 percent below their peak in April 2007. Home prices are at roughly the same levels last seen in August of 2004.

FHFA gathers its data by calculating purchase prices of houses backed by mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. The data is then broken down into nine geographic Census Divisions.

Seven of the nine Census Divisions posted monthly price gains in November with the Mountain Division reporting the most improvement, increasing 2.1 percent, followed by the Pacific Division with a 1.7 percent gain while the South Atlantic Division posted a 0.9 percent improvement.

The East North Central and the East South Central Divisions posted the only declines of 1.0 and 0.4 percent respectively.

All nine of the Divisions registered year-over-year price gains with the Mountain Division posting the largest yearly increase of 14.8 percent followed by the Pacific Division with an 11.1 percent annual gain. The Middle Atlantic Division posted the smallest gain of 0.5 percent.

FHFA HPI 11-12

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

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

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

West South Central: Oklahoma, Arkansas, Texas, Louisiana

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

East South Central: Kentucky, Tennessee, Mississippi, Alabama

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

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

Reported by Shirley Allen

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Monthly home prices in the United States continued to improve from October to November according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).

For the second consecutive month, November’s home prices were 5.6 percent higher than they were the previous year but are still 15.2 percent below their peak in April 2007. Home prices are at roughly the same levels last seen in August of 2004.

FHFA gathers its data by calculating purchase prices of houses backed by mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. The data is then broken down into nine geographic Census Divisions.

Seven of the nine Census Divisions posted monthly price gains in November with the Mountain Division reporting the most improvement, increasing 2.1 percent, followed by the Pacific Division with a 1.7 percent gain while the South Atlantic Division posted a 0.9 percent improvement.

The East North Central and the East South Central Divisions posted the only declines of 1.0 and 0.4 percent respectively.

All nine of the Divisions registered year-over-year price gains with the Mountain Division posting the largest yearly increase of 14.8 percent followed by the Pacific Division with an 11.1 percent annual gain. The Middle Atlantic Division posted the smallest gain of 0.5 percent.

FHFA HPI 11-12

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

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

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

West South Central: Oklahoma, Arkansas, Texas, Louisiana

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

East South Central: Kentucky, Tennessee, Mississippi, Alabama

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

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

Reported by Shirley Allen

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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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Monthly home prices in the United States continued to improve from October to November according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).

For the second consecutive month, November’s home prices were 5.6 percent higher than they were the previous year but are still 15.2 percent below their peak in April 2007. Home prices are at roughly the same levels last seen in August of 2004.

FHFA gathers its data by calculating purchase prices of houses backed by mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. The data is then broken down into nine geographic Census Divisions.

Seven of the nine Census Divisions posted monthly price gains in November with the Mountain Division reporting the most improvement, increasing 2.1 percent, followed by the Pacific Division with a 1.7 percent gain while the South Atlantic Division posted a 0.9 percent improvement.

The East North Central and the East South Central Divisions posted the only declines of 1.0 and 0.4 percent respectively.

All nine of the Divisions registered year-over-year price gains with the Mountain Division posting the largest yearly increase of 14.8 percent followed by the Pacific Division with an 11.1 percent annual gain. The Middle Atlantic Division posted the smallest gain of 0.5 percent.

FHFA HPI 11-12

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

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

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

West South Central: Oklahoma, Arkansas, Texas, Louisiana

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

East South Central: Kentucky, Tennessee, Mississippi, Alabama

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

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

Reported by Shirley Allen

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.