FHFA: Home Prices Increased 0.5% In January

U.S. home prices in January increased 0.5% on an adjusted basis compared with the previous month and increased 6.0% from January 2015, according to the Federal Housing Finance Agency’s (FHFA) monthly house price index, which is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

The FHFA notes that it revised its previously reported 0.4% increase in December upward to reflect a 0.5% increase.

Looking at the nine census divisions tracked, the Middle Atlantic division saw a decrease of 1% month over month while the South Atlantic division saw an increase of 1.7%.

The 12-month changes were all positive, ranging from 1.7% in the Middle Atlantic division to 8.9% in the South Atlantic division.

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