Home sales, home prices data and housing market reports. (Photo: Reuters)
The FHFA House Price Index (HPI) rose 6.4% seasonally adjusted to close in on 2-year highs of 6.5 percent set in October and September last year. For February, the index rose 0.8% to double the median forecast and January was revised from no change to plus 0.2%.
For the 9 U.S. Census Bureau divisions, seasonally adjusted monthly price changes from January 2017 to February 2017 ranged from -0.1% in the South Atlantic division to +1.8% in the East South Central division. The 12-month changes were all positive, ranging from +4.6% in the Middle Atlantic division to +9.5% in the Mountain division.
The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. The House Price Index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac.
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