Announcing the 2024 Tech Trendsetters winners.

Read Now
Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.94%0.02
Appraisals and ValuationsReal Estate

FHFA: Home prices see slight increase in May

Increases in West South Central and Mountain division

Home prices moderately increased in May, rising only 0.2% from April, according to the latest monthly House Price Index from the Federal Housing Finance Agency.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. Because of this, the selection excludes high-end homes bought with jumbo loans or cash sales.

Monthly, across the nine census divisions, home price changes from April to May 2018 ranged from 1.5% increase in the East South Central division to a decrease of 0.6% in the East North Central division. Changes were all positive year-over-year, ranging from 4.9% in the West South Central division to 9.1% in the Mountain division.

The chart below compares 12-month price changes to the prior year:

FHFA July 24th
(Click image to enlarge)

Here are the states in each division:

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

Most Popular Articles

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

Log In

Forgot Password?

Don't have an account? Please