Washington, DC–(ENEWSPF)–January 23, 2013. U.S. house prices rose 0.6 percent on a seasonally adjusted basis from
October to November, according to the Federal Housing Finance Agency’s monthly House Price
Index (HPI). The previously reported 0.5 percent increase in October was revised upward to a
0.6 percent increase. For the 12 months ending in November, U.S. prices rose 5.6 percent. The
U.S. index is 15.2 percent below its April 2007 peak and is roughly the same as the August
2004 index level. National home prices have not declined on a monthly basis since January
2011.
For the nine census divisions, seasonally adjusted monthly price changes from October to
November ranged from -1.0 percent in the East North Central division to +2.1 percent in the
Mountain division, while the 12-month changes ranged from +0.5 percent in the Middle Atlantic
division to +14.8 percent in the Mountain division.
For the nine census divisions, seasonally adjusted monthly price changes from October to
November ranged from -1.0 percent in the East North Central division to +2.1 percent in the
Mountain division, while the 12-month changes ranged from +0.5 percent in the Middle Atlantic
division to +14.8 percent in the Mountain division.
FHFA uses the purchase prices of houses with mortgages owned or guaranteed by Fannie Mae
or Freddie Mac to calculate the monthly index. 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.
For detailed information on the monthly HPI, please see the HPI Frequently Asked Questions
(FAQ). The next HPI release will be on Feb. 26, 2013 and will include monthly data for
December and quarterly data for the fourth quarter of 2012. Release dates for 2013 are
available here.
To view state-specific information, see: http://www.fhfa.gov/webfiles/24914/MonthlyHPI12313Final.pdf.
