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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.

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 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.

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