Home prices rose 0.8 percent month-over-month in February 2017, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages—was up 6.4 percent.
Per the Index, month-over-month home price changes ranged from -0.1 percent in the South Atlantic Census division to +1.8 percent in the East South Central division. Home price changes year-over-year ranged from +4.6 percent in the Middle Atlantic Census division to +9.5 percent in the Mountain division.
For the latest real estate news and trends, bookmark RISMedia.com.