Home / News / Market Studies / FHFA’s Home Price Index Records Annual Gain of 7.4%
Print This Post Print This Post

FHFA’s Home Price Index Records Annual Gain of 7.4%

The ""Federal Housing Finance Agency"":http://www.fhfa.gov/ (FHFA) reported a 0.7 percent increase in its House Price Index (HPI) from March to April.

[IMAGE]

As of April, the index stands at a reading of 200.8. March's index, meanwhile, was revised upward to 199.4 (a 1.5 percent increase as opposed to the original estimated gain of 1.3 percent).

[COLUMN_BREAK]

Year-over-year, the HPI was up 7.4 percent.

The latest increase marks the 15th straight monthly price improvement in the purchase-only, seasonally adjusted index.

For the nine Census divisions, seasonally adjusted monthly price changes ranged from a low of -0.2 percent in the New England, South Atlantic, and West South Central divisions to a high of +2.2 percent in the Mountain division. Year-over-year, changes ranged from +2.9 percent in the Middle Atlantic division. to +17.1 percent in the Pacific division.

The HPI is calculated using home sales price information from mortgages sold to or guaranteed by the GSEs.

FHFA's index was released on the same day as the ""Case-Shiller Home Price Indices"":http://dsnews.comarticles/case-shiller-indices-post-record-monthly-gains-2013-06-25, which registered record monthly gains in April.

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.
x

Check Also

Fannie Mae Downgrades Housing, Origination Forecast

In their latest forecast, Fannie Mae’s Economic and Strategic Group (ESR) has downgraded its GDP projections ...

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.