FHFA Data Reflects 19-Consecutive Months of Home Price Increases

The Federal Housing Finance Agency (FHFA) released the results of their monthly home price index report for August 2013. The data revealed that home price appreciation rose once again for the 19-consecutive month. Nationally, August home prices were 0.3% greater than July and 8.5% greater than August 2012 on a seasonally adjusted basis. The FHFA’s home price index report data is derived from “mortgages either sold or guaranteed by Fannie Mae and Freddie Mac.”

In the Mountain census division, which includes Idaho, Montana, Wyoming, Nevada, Utah, Colorado, Arizona, and New Mexico, home prices rose 1.3% in August compared to July and were 13.8% greater than August 2012. In the Pacific census division, which includes Washington, Oregon, California, Alaska and Hawaii, home prices rose 0.8% in August compared to July and were 18.2% greater than 12 months ago. http://1.usa.gov/17hcE4Q

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