FHFA’s House Price Index rose 0.3% in Feb.

WASHINGTON – April 23, 2019 – U.S. house prices rose in February, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.6 percent increase for January 2019 remained unchanged.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From February 2018 to February 2019, house prices were up 4.9 percent.

For the nine census divisions, seasonally adjusted monthly house price changes from January 2019 to February 2019 ranged from -1.2 percent in the Middle Atlantic division to +1.4 percent in the East South Central division.

The 12-month changes were positive in all nine divisions, however, ranging from +3.5 percent in the West South Central division to +6.5 percent in the Mountain division.

© 2019 Florida Realtors®

About the author

rrickel

rrickel

%d bloggers like this: