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Tuesday, December 6, 2022
HomeNewsEconomyFHFA House Price Index (HPI): House Prices Rose 0.3% in August

FHFA House Price Index (HPI): House Prices Rose 0.3% in August

A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of Washington, August 21, 2012. (Photo: Reuters)
A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of Washington, August 21, 2012. (Photo: Reuters)

A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of Washington, August 21, 2012. (Photo: Reuters)

The Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI) indicates house prices rose 0.3% in August. The previously reported gain of 0.2% for July was revised upward to 0.4%.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From August 2017 to August 2018, house prices were up 6.1%.

For the nine census divisions, seasonally adjusted monthly price changes from July 2018 to August 2018 ranged from -0.7% in the Middle Atlantic division to +0.8 percent in the Pacific division. The 12-month changes were all positive, ranging from 4.0% in the Middle Atlantic division to 8.4% in the Mountain division.

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Staff Writing Group

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