Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Home prices up in 3Q FHFA says
WASHINGTON (11/30/11)--U.S. home prices increased by 0.2% between the second and third quarters of 2011, reversing a trend that saw home prices fall over the past five quarters, the Federal Housing Finance Agency (FHFA) reported.

The 0.2% increase is based on the FHFAs seasonally adjusted purchase-only house price index (HPI), which the FHFA said is calculated from home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages.

FHFA Principal Economist Andrew Leventis said third-quarter home values were relatively stable in many parts of the county, "even in some areas that experienced sharp price declines in preceding quarters." Leventis added: "While most housing markets still face stiff headwinds, the fact that some beleaguered states—such as Idaho, Florida and Utah—saw quarterly price increases is a positive development."

Home prices increased by 0.7%, on an adjusted basis, during the quarter, but seasonally adjusted home prices fell 3.7 percent from the third quarter of 2010 to the third quarter of 2011, the FHFA said.

Home prices increased by 4% in the Warren-Troy-Farmington Hills, Michigan, metropolitan area during the quarter. The FHFA added that home prices were more stable in States and counties with significant mining and oil extraction industries. Home prices in the West North Central census division, which includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota, increased by 1.5% during the quarter, the FHFA said.

For the full release, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
27 minutes ago