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HomeNewsEconomyFHFA House Price Index (HPI) Gains 0.3% in February

FHFA House Price Index (HPI) Gains 0.3% in February

Real estate market with price tags above home properties to illustrate house prices in 3D abstract. (Photo: AdobeStock)
Real estate market with price tags above home properties to illustrate house prices in 3D abstract. (Photo: AdobeStock)
Real estate market with price tags above home properties to illustrate house prices in 3D abstract. (Photo: AdobeStock)

Washington, D.C. – The Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI) was up 0.3% in February and the previously reported 0.6% gain in January 2019 remained unchanged.

From February 2018 to February 2019, house prices were up 4.9%.

PriorConsensusRangeActual
HPI M/M Δ0.6%0.4%0.3% to 0.5%0.3%
HPI Y/Y Δ5.6%4.9%

For the nine census divisions, seasonally adjusted monthly house price changes from January 2019 to February 2019 ranged from -1.2% in the Middle Atlantic division to +1.4% in the East South Central division.

The 12-month changes were all positive, ranging from +3.5% in the West South Central division to +6.5% in the Mountain division.

The FHFA HPI is conducted monthly using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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