Skip to main content

U.S. Home Prices Up 0.4 Percent in May

Jul 22, 2014

The Federal Housing Finance Agency (FHFA) reported that U.S. house prices rose 0.4 percent in May from the previous month. The April index value has been revised to reflect a 0.1 percent monthly price increase, above the original estimate of no change. The FHFA House Price Index (HPI) is calculated using home sales price information from mortgages either sold to or guaranteed by Fannie Mae and Freddie Mac. From May 2013 to May 2014, house prices were up 5.5 percent. The U.S. index is 6.5 percent below its April 2007 peak and is roughly the same as the July 2005 index level. For the nine census divisions, seasonally adjusted monthly price changes from April 2014 to May 2014 ranged from -0.7 percent in the East South Central division to +1.1 percent in the West South Central division. The 12-month changes were all positive ranging from +2.5 percent in the Middle Atlantic division to +9.6 percent in the Pacific division.
About the author
Published
Jul 22, 2014
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024