FHFA House Price Index for October

Washington, DC – U.S. house prices rose 0.5 percent on a seasonally adjusted basis from
September to October, according to the Federal Housing Finance Agency’s monthly House Price
Index (HPI). The previously reported 0.2 percent increase in September was revised downward
to a 0.0 percent change. For the 12 months ending in October, U.S. prices rose 5.6 percent. The
U.S. index is 15.7 percent below its April 2007 peak and is roughly the same as the July 2004
index level.
For the nine census divisions, seasonally adjusted monthly price changes from September to
October ranged from -1.3 percent in the Middle Atlantic division to +2.0 percent in the Pacific
division while the 12-month changes ranged from -0.1 percent in the New England division to
+13.1 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 concerning the monthly HPI, please see the HPI Frequently Asked
Questions (FAQ). The next HPI release will be on Jan. 23, 2013 and will include monthly data
for November 2012. Release dates for 2013 are available here.
Important Note: Beginning on Jan. 23, 2013, the release time for the HPI will change from
10 A.M. to 9 A.M. EST.
The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks.
These government-sponsored enterprises provide more than $5.7 trillion in funding for the U.S. mortgage markets
and financial


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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