Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.99%0.00
MortgageReal Estate

FHFA: Home prices keep moving up

Best year-on-year rate in years

U.S. housing prices in January gained 0.5% on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency.

The previous report for December was at 0.4%.

According to the FHFA report, from January 2015 to January 2016, house prices were high 4.9%.  U.S. housing prices in November rose on a 0.5% seasonally adjusted basis from the previous month.

Click to enlarge

FHFA House Price Index, Purchase Only

(Source: FHFA)

The FHFA house price index rose 0.4% in the prior report but year-to-year gain returned to 6.0%.

The year-on-year rate is back at the 6.0% line for one of the best readings of the last couple of years.

As a result of weak wage growth, home-price appreciation is more important than ever for household wealth. Not many homeowners will see a significant appreciation.

Nevertheless, the Econoday consensus is calling for a sizable 0.6% monthly gain in the January report.

January’s new home sales report is expected to show both sales and prices to be weak.

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please