FHFA House Price Index Shows Slight Increase in May
FHFA House Price Index Shows Slight Increase in May
FHFA House Price Index Shows Slight Increase in May
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July 22, 2011 (Shirley Allen)

Home prices increased 0.4 percent from April to May but were still 6.3 percent below year ago levels according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). This was the second consecutive month that the HPI has shown an increase.

According to the HPI, home prices have declined 19.6 percent below the April 2007 peak and are roughly at the same levels seen in January 2004.

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

Month-over-month, seven of the nine Census Divisions experienced price gains and two experienced price declines. The West South Central Division had the worse price decline of 1.0 percent, while the Mountain Division experienced the largest price gain of 2.0 percent.

None of the nine Divisions experienced year-over-year price gains. The worse performing division was the Pacific Division which saw prices drop 9.9 percent. The New England Division saw the smallest year-over-year price decline with a 2.6 percent drop.

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

June FHFA Stats

April’s HPI was revised downward from a gain of 0.8 percent to a gain of 0.2 percent.

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

Source:
FHFA

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July 22, 2011 (Shirley Allen)

Home prices increased 0.4 percent from April to May but were still 6.3 percent below year ago levels according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). This was the second consecutive month that the HPI has shown an increase.

According to the HPI, home prices have declined 19.6 percent below the April 2007 peak and are roughly at the same levels seen in January 2004.

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

Month-over-month, seven of the nine Census Divisions experienced price gains and two experienced price declines. The West South Central Division had the worse price decline of 1.0 percent, while the Mountain Division experienced the largest price gain of 2.0 percent.

None of the nine Divisions experienced year-over-year price gains. The worse performing division was the Pacific Division which saw prices drop 9.9 percent. The New England Division saw the smallest year-over-year price decline with a 2.6 percent drop.

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

June FHFA Stats

April’s HPI was revised downward from a gain of 0.8 percent to a gain of 0.2 percent.

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.
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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

July 22, 2011 (Shirley Allen)

Home prices increased 0.4 percent from April to May but were still 6.3 percent below year ago levels according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). This was the second consecutive month that the HPI has shown an increase.

According to the HPI, home prices have declined 19.6 percent below the April 2007 peak and are roughly at the same levels seen in January 2004.

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

Month-over-month, seven of the nine Census Divisions experienced price gains and two experienced price declines. The West South Central Division had the worse price decline of 1.0 percent, while the Mountain Division experienced the largest price gain of 2.0 percent.

None of the nine Divisions experienced year-over-year price gains. The worse performing division was the Pacific Division which saw prices drop 9.9 percent. The New England Division saw the smallest year-over-year price decline with a 2.6 percent drop.

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

June FHFA Stats

April’s HPI was revised downward from a gain of 0.8 percent to a gain of 0.2 percent.

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.