Home prices rose 0.4 percent month-over-month in November 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- or Freddie Mac-backed mortgages—was up 6.5 percent.
Per the Index, month-over-month home prices changes ranged from -1.1 percent in the East South Central Census division to +0.9 percent in the West North Central division. Home price changes year-over-year ranged from +4.2 percent in the Middle Atlantic Census division to +8.9 percent in the Mountain division.
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