09/22/2011
Washington, D.C. – 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. 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 on the monthly HPI, please see the HPI Frequently Asked Questions (FAQ). The next release will be on Oct. 25, 2011 and will include monthly HPI data for August 2011. Release dates for the remainder of 2011 and 2012 are available here.Click here to view the Report
Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030