Latest Lagging Government Housing Index Confirms New 12 Month High In Median US Home Price

FHFA Press Release-

Washington, DC – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 1.8 percent increase in March was revised downward to reflect a 1.6 percent increase. For the 12 months ending in April, U.S. prices rose 3.0 percent. The U.S.  index is 17.6 percent below its April 2007 peak and is roughly the same as the April 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 March to April ranged from -1.2 percent in the New England division to +2.2 percent in the Pacific division.

Click here to try the Professional Edition for 30 days risk free.

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.

Home PricesThis FHFA data for April shows that US median sale prices had exceeded the July 2011 peak, confirming other data from the NAR, CoreLogic, Dataquick, and Department of Numbers.com. See the latest data on the Wall Street Examiner’s permanent housing chart page, which is updated whenever new data becomes available. You can bookmark that page for future reference.

Latest free housing market updates

Wall Street Examiner Professional Edition Housing Market Reports

More Economic Charts

Follow my comments on the markets and economy in real time @Lee_Adler on Twitter!

Stay up to date with the machinations of the Fed, Treasury, Primary Dealers and foreign central banks in the US market, along with regular updates of the US housing market, in the Fed Report in the Professional Edition, Money Liquidity, and Real Estate Package. Try it risk free for 30 days. Don’t miss another day. Get the research and analysis you need to understand these critical forces. Be prepared. Stay ahead of the herd. Click this link and begin your risk free trial NOW!

 

Share!Tweet about this on TwitterShare on FacebookShare on LinkedInEmail this to someonePrint this page

Click here to try the Professional Edition for 30 days risk free.