FHFA: House Prices Up for 19th Straight Month

Updated

House prices rose a seasonally adjusted 0.3% for August, according to a Federal Housing Finance Agency (FHFA) report (link opens as PDF) released today . These latest numbers mark the 19th straight month of home price increases, and follow on the heels a strong 1% gain for July. Analysts, however, had been hoping for a larger 0.8% bump.

The FHFA House Price Index is calculated using single-family home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac and, at current levels, is comparable to readings from April 2005.


Source: fhfa.gov

For the nine Census divisions, seasonally adjusted monthly price changes from July to August ranged from 1.3% gains in the Mountain region (Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico) to -0.5% losses in the South Atlantic (Delaware, Maryland, DC, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida).

In the last 12 months, overall house prices are up 8.5%, pushed ahead by 18.2% gains in the Pacific Region (Hawaii, Alaska, Washington, Oregon, and California).

link

The article FHFA: House Prices Up for 19th Straight Month originally appeared on Fool.com.

Fool contributor Justin Loiseau has no position in any stocks mentioned. You can follow him on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement