The FHFA (Federal Housing Finance Agency) House Price Index Report was just released for the period from March to April 2011. The not so good news is that house prices fell 5.7% for the 12 months ending in April, and the U.S. Index is 19.3% below its April 2007 peak. The index in April 2011 was at roughly the same level as in January 2004.
Nine Census Divisions make up the index, and the good news is that not only is the U.S. Index up by 0.8% from March to April, but also six of the nine divisions were up as well. This is almost the opposite of the February to March performance, with five of the divisions down and four up. Here are the divisions and their March to April numbers:
Pacific 1.0%
Mountain -1.3%
West North Central -0.6%
West South Central 2.1%
East North Central 1.4%
East South Central 1.8%
New England 2.2%
Middle Atlantic 1.3%
South Atlantic -0.2%
States in Each Census Division
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
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