U.S. home prices increased 0.2% in August compared with July and were up 4.6% compared with August 2018, according to the Federal Housing Finance Agency’s (FHFA) home price index, which based on loan data provided by government-sponsored enterprises Fannie Mae and Freddie Mac.
Of the nine census divisions covered in the report, the East South Central division saw the largest month-over-month decrease in home prices at -0.8%, while the New England division saw the largest increase at +0.9%.
All nine census divisions were positive on a year-over-year basis.
Earlier this month, CoreLogic released its monthly HPI report, showing U.S. home prices increased 0.4% in August compared with July and were up 3.6% compared with August 2018.
The CoreLogic and FHFA home price indexes use different methodologies to arrive at their estimates.