FHFA House Price Index Up 0.8 Percent in July
Nearly All Census Divisions Show Increases
Washington, DC – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from
June to July, according to the Federal Housing Finance Agency’s monthly House Price Index.
The previously reported 0.9 percent increase in June was revised to a 0.7 percent increase. For
the 12 months ending in July, U.S. prices fell 3.3 percent. The U.S. index is 18.4 percent below
its April 2007 peak and roughly the same as the March 2004 index level.
The FHFA monthly index is calculated using purchase prices of houses backing mortgages that
have been sold to or guaranteed by Fannie Mae or Freddie Mac. For the nine census divisions,
seasonally adjusted monthly price changes from June to July ranged from -0.4 percent in the
South Atlantic division to +3.6 percent in the West North Central division. The West North
Central division, where prices increased 0.2 percent, was the only division to experience a price
increase over the last 12 months.
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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
FHFA House Price Index Up 0.8 Percent in July
Nearly All Census Divisions Show Increases
Washington, DC – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from
June to July, according to the Federal Housing Finance Agency’s monthly House Price Index.
The previously reported 0.9 percent increase in June was revised to a 0.7 percent increase. For
the 12 months ending in July, U.S. prices fell 3.3 percent. The U.S. index is 18.4 percent below
its April 2007 peak and roughly the same as the March 2004 index level.
The FHFA monthly index is calculated using purchase prices of houses backing mortgages that
have been sold to or guaranteed by Fannie Mae or Freddie Mac. For the nine census divisions,
seasonally adjusted monthly price changes from June to July ranged from -0.4 percent in the
South Atlantic division to +3.6 percent in the West North Central division. The West North
Central division, where prices increased 0.2 percent, was the only division to experience a price
increase over the last 12 months.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125