FHFA: Home Prices Rose in May

Home prices rose 0.4 percent month-over-month in May 2017, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages—was up 6.9 percent.

Per the Index, month-over-month home price changes ranged from -0.5 percent in the Middle Atlantic Census division to +1.0 percent in the West South Central division. Home price changes year-over-year ranged from +4.0 percent in the Middle Atlantic Census division to +8.7 percent in the Pacific division.

Source: Federal Housing Finance Agency (FHFA)

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