01/25/2012
Washington, D.C. – U.S. house prices rose 1.0 percent on a seasonally adjusted basis from October to November, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.2 percent decrease in October was revised downward to reflect a 0.7 percent decrease. For the 12 months ending in November, U.S. prices fell
1.8 percent. The U.S. index is
18.8 percent below its April 2007 peak and roughly the same as the February 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 October to November ranged from -0.2 percent in the Middle Atlantic division to +2.1 percent in the West South Central division.Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the following pages. Click here for complete historical data.For detailed information concerning the monthly HPI, please see the HPI Frequently Asked Questions (FAQ). The next release will be on Feb. 23, 2012 and will include monthly HPI data for December 2011 and quarterly HPI data for the fourth quarter 2011. Release dates for the remainder of 2012 are available here.Click here to view the Report
Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030