OfflineThe FHFA, Federal Housing Finance Agency, releases a monthly report of house prices, delayed around 45 days. So, November’s report just came out, and in general, it didn’t look terrible.
The FHFA calculates their indexes based on resale prices of homes with mortgages backed by Fannie Mae and Freddie Mac. They track nine Census
Divisions:
Pacific: Hawaii, Alaska, Washington, Oregon, California
Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New
Mexico
West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri
West South Central: Oklahoma, Arkansas, Texas, Louisiana
East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio
East South Central: Kentucky, Tennessee, Mississippi, Alabama
New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island,
Connecticut
Middle Atlantic: New York, New Jersey, Pennsylvania
South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia,
North Carolina, South Carolina, Georgia, Florida
From month to month, prices for the aggregate U.S. index rose by 1.0%. However, year over year, prices dropped by 1.8 percent, and the U.S. Index is 18.8% below its peak in April 2007. Eight of the nine census divisions rose in price. Only the Middle Atlantic Census Division dropped, and by 0.2%. The largest rise was in the West South Central Census Division, rising by 2.1 percent. The November 2011 house price index is at roughly the same level as it was in February of 2004.
Is this there a link to the report?
... Verses: 35 "but those who hope in the Lord will renew their strength. They will soar on wings like eagles; They will run and not grow weary, They will walk and not be faint." Isaiah 40:31 ...