Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
16 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
17 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
19 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
20 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
21 hours ago