Latest on House Price Change from FHFA

U.S. house prices rose in the third quarter of 2011 according to the
Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price
index (HPI). The HPI, calculated using home sales price information from Fannie Mae- and
Freddie Mac-acquired mortgages, was 0.2 percent higher on a seasonally adjusted basis in the
third quarter than in the second quarter. On an unadjusted basis, prices rose 0.7 percent
during the quarter. Over the past year, seasonally adjusted home prices fell 3.7 percent from
the third quarter of 2010 to the third quarter of 2011.
FHFA’s seasonally adjusted monthly index for September was up 0.9 percent from its August
value. On a not-seasonally adjusted basis, prices were up 0.7 percent during the August to
September period. Every census division but the East South Central division showed increases
over the same period.

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About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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