FHFA: Home Prices Improve for Second Consecutive Month
FHFA: Home Prices Improve for Second Consecutive Month
FHFA: Home Prices Improve for Second Consecutive Month
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March 7, 2012 (Shirley Allen)

Monthly home prices in the United States increased by a seasonally adjusted 0.7 percent in December which follows a similarly revised 0.7 percent gain in November according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).

December’s home prices were still 0.8 percent lower than they were a year ago and since the market peak in April 2007, home prices have declined over 18 percent and are at roughly the same levels last seen in March 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.

Six of the nine Census Divisions posted monthly price gains in December with the Mountain Division recording the most improvement of 2.5 percent. Two Divisions posted declines in home prices while one Division, the Middle Atlantic, remained unchanged from the previous month. Of the two Divisions that posted declines, the West North Central Division posted the largest decline of 0.9 percent.

Seven of the Divisions registered year-over-year price declines with the Pacific Division posting the largest decline of 3.8 percent. The only two Divisions that posted an increase in annual home prices were the East South Central Division and the West South Central Division which posted increases of 3.0 and 1.7 percent, respectively.

FHFA Dec 2011 03-07-12

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

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Learn About
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Todays Mortgage
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March 7, 2012 (Shirley Allen)

Monthly home prices in the United States increased by a seasonally adjusted 0.7 percent in December which follows a similarly revised 0.7 percent gain in November according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).

December’s home prices were still 0.8 percent lower than they were a year ago and since the market peak in April 2007, home prices have declined over 18 percent and are at roughly the same levels last seen in March 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.

Six of the nine Census Divisions posted monthly price gains in December with the Mountain Division recording the most improvement of 2.5 percent. Two Divisions posted declines in home prices while one Division, the Middle Atlantic, remained unchanged from the previous month. Of the two Divisions that posted declines, the West North Central Division posted the largest decline of 0.9 percent.

Seven of the Divisions registered year-over-year price declines with the Pacific Division posting the largest decline of 3.8 percent. The only two Divisions that posted an increase in annual home prices were the East South Central Division and the West South Central Division which posted increases of 3.0 and 1.7 percent, respectively.

FHFA Dec 2011 03-07-12

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

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.
HOW LOANRATENETWORK
LOAN CENTER WORKS
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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.
Helpful Tools

March 7, 2012 (Shirley Allen)

Monthly home prices in the United States increased by a seasonally adjusted 0.7 percent in December which follows a similarly revised 0.7 percent gain in November according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).

December’s home prices were still 0.8 percent lower than they were a year ago and since the market peak in April 2007, home prices have declined over 18 percent and are at roughly the same levels last seen in March 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.

Six of the nine Census Divisions posted monthly price gains in December with the Mountain Division recording the most improvement of 2.5 percent. Two Divisions posted declines in home prices while one Division, the Middle Atlantic, remained unchanged from the previous month. Of the two Divisions that posted declines, the West North Central Division posted the largest decline of 0.9 percent.

Seven of the Divisions registered year-over-year price declines with the Pacific Division posting the largest decline of 3.8 percent. The only two Divisions that posted an increase in annual home prices were the East South Central Division and the West South Central Division which posted increases of 3.0 and 1.7 percent, respectively.

FHFA Dec 2011 03-07-12

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

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.