A house-for-sale sign is seen inside the Washington DC Beltway in Annandale, Virginia January 24, 2016. (Photo: Reuters)
Washington, D.C. – The Federal Housing Finance Agency (FHFA) House Price Index (HPI) said seasonally adjusted house prices rose in November, up 0.4% from the previous month. The previously reported 0.5% increase in October was revised upward to 0.6%.
The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From November 2016 to November 2017, house prices were up 6.5%, slightly less than the 6.6% consensus forecast but still strong.
For the nine census divisions, seasonally adjusted monthly price changes from October 2017 to November 2017 ranged from -1.1% in the East South Central division to +0.9% in the West North Central division. The 12-month changes were all positive, ranging from +4.2% in the Middle Atlantic division to +8.9% in the Mountain division.
