FHFA: Home Prices Increased 0.2% In May

Posted by Patrick Barnard on July 22, 2016 No Comments
Categories : Residential Mortgage

U.S. home prices increased 0.2% in May compared with April and increased 5.6% compared with May 2015, according to the Federal Housing Finance Agency’s (FHFA) monthly home price index (HPI).

The previously reported 0.2% increase in April was revised upward to reflect a 0.3% increase, the agency reports.

The FHFA’s HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

Regionally, the New England division saw home prices decrease 1.3%, month over month, which was the most among the nine census divisions, while the Mountain division saw prices increase the most at 1.2%.

Year over year, all nine divisions saw home prices increase, ranging from 3.4% in the Middle Atlantic division to 8.5% in the Mountain division.

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