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Friday, March 29, 2024
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.

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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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