FHFA: Q3 Home Prices Resurge 1.1 PercentBy RISMedia Staff
During the third quarter of 2019, home prices rose 1.1 percent, according to the Federal Housing Finance Agency's (FHFA) House Price Index (HPI). From the third quarter of 2018 to the third quarter of 2019, home prices rose 4.9 percent.
Annual appreciation ranged from 6.9 percent in the Mountain Census division (Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming) to 4 percent in the Middle Atlantic division (New Jersey, New York, Pennsylvania). "House prices have risen every quarter for the last eight years," according to Dr. William Doerner, FHFA supervisory economist. "Relative to a year ago, market indices are still trending upward for the nation as a whole as well as in every Census division, state and the top 100 metro areas. Price gains, though, are continuing to slow their upward pace in a few cities with large housing markets." Source: Federal Housing Finance Agency |
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