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Saturday, August 17, 2019
HomeNewsEconomyFHFA House Price Index (HPI) Gains 0.1% for May, 5.0% Year-Over-Year

FHFA House Price Index (HPI) Gains 0.1% for May, 5.0% Year-Over-Year

Real estate market with price tags above home properties to illustrate house prices in 3D abstract. (Photo: AdobeStock)
Real estate market with price tags above home properties to illustrate house prices in 3D abstract. (Photo: AdobeStock)
Real estate market with price tags above home properties to illustrate house prices in 3D abstract. (Photo: AdobeStock)

The FHFA House Price Index (HPI) finds house prices rose just 0.1% in May and 5.0% year-over-year from May 2018 to May 2019. The stronger-than-expected 0.4% increase for April 2019 was unchanged, while the year-over-year was revised slightly higher from 5.2% to 5.3%.


PriorRevisedConsensus ForecastForecast RangeResult
M/M ∆0.4%0.3%0.1% to 0.3%0.1%
Y/Y ∆5.2%5.3%5.0%

For the nine census divisions, seasonally adjusted monthly house price changes from April 2019 to May 2019 ranged from -1.0% in East South Central to +0.5% in the South Atlantic. The 12-month changes were all positive, ranging from +3.6% in West South Central to +6.7% in the Mountain.

The FHFA monthly HPI is derived from home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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