FHFA Home Prices Slow Slightly, Still Up in November

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Posted To: MND NewsWire

The Federal Housing Finance Agency said its House Price Index (HPI) racked up a 0.4 percent gain in November and the 0.5 percent appreciation rate reported in October was revised up to 0.6 percent. On a year-over-year basis the HPI was grew 6.5 percent, a slight downturn from the 6.6 percent annual gain the previous month. For the nine census divisions, seasonally adjusted monthly price changes from October 2017 to November 2017 ranged from a 1.1 percent decline in the East South-Central division (Kentucky, Tennessee, Mississippi, and Alabama), which had posted a 2.5 percent increase in October, to a 0.9 percent gain in the West North Central division (Michigan, Wisconsin, Illinois, Indiana, and Ohio. The HPI for the New England division also lost ground, declining 0.1 percent , and prices…(read more)

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