Home prices in the U.S. rose in April for the first time since last spring, the Federal Housing Finance Agency (FHFA) reported Wednesday.
The agency’s House Price Index recorded a 0.8 percent seasonally adjusted increase between March and April – the first month-over-month gain since May 2010.
FHFA noted that the previously reported 0.3 percent decrease in March was revised to a 0.4 percent decrease.
For the 12 months ending in April, U.S. prices fell 5.7 percent, based on FHFA’s calculations.
The agency’s index is 19.3 percent below its April 2007 peak and roughly the same level as January 2004.
Property prices in March varied across the nine Census divisions, with six recording increases and three posting declines.
The largest monthly gain of 2.2 percent occurred in the New England division, which includes Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut.
The biggest drop of 1.3 percent occurred in the Mountain division, encompassing Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, and New Mexico.
This article is from DSNews.com: “FHFA Records First Monthly Uptick in Home Prices in a Year.”
Latest posts by Renee West (see all)
- Benedict Canyon- minutes from rodeo Drive and the Beverly Hills Hotel.Offered for $68,000,000. Contact Renee West for your personal brochure. - October 1, 2018
- NEW CONSTRUCTION ON THE BLUFFS OF CORONA DEL MAR.4541 BRIGHTON ROAD, CORONA DEL MAR- “THE CROWN OF THE SEA”. OFFERED FOR $27,995,000. - September 18, 2018
- 9 Del Mar, Newport Coast, Newport Beach, CA. “Truly the finest estate in Crystal Cove”. Listed at $35,000,000. Contact Agent Renee West at firstname.lastname@example.org for full disclosure. - August 30, 2018