Home Price Index Shows Values Rising 3.7% From One Year Ago

Sep 26

Home Price Index Shows Values Rising 3.7% From One Year Ago

September 26, 2012 By Joshua Oliver Leave a Comment

Tuesday, the Federal Home Finance Agency's Home Price Index (HPI) showed home values rising 0.2% on a seasonally-adjusted basis between June and July 2012, and moving +3.7% on an annual basis. Home values have not dropped month-to-month since January of this year -- a span of 6 months. For today's home buyers and sellers throughout DC , though, it's important to recognize on what the HPI is actually reporting. Or, stated differently, on what the HPI is not reporting. The Home Price … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: District of Columbia, Fannie Mae, Federal Housing Administration, Federal Housing Finance Agency, FHFA, Freddie Mac, Home Price Index, House price index, HPI, Price index, washington dc

Aug 28

Government : Home Prices Up 3.0% In Last 12 Months Nationwide

August 28, 2012 By Joshua Oliver Leave a Comment

The housing market recovery appears to be sustainable. According to the Federal Housing Finance Agency's Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter. The FHFA's Home Price Index measures home price changes through successive home sales for homes whose mortgages are backed by Fannie Mae or Freddie Mac, and for … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: Fannie Mae, Federal Housing Finance Agency, FHFA, Freddie Mac, Home Price Index, House price index, HPI, Price index, Real estate pricing

Jul 25

Home Values Rise 0.8% In May 2012

July 25, 2012 By Justin Paulhamus Leave a Comment

The housing market's bottom is 9 months behind us. Home values continue to climb nationwide. According to the Federal Home Finance Agency's Home Price Index, home values rose 0.8% in May on a monthly, seasonally-adjusted basis. May's reading marks the sixth time in seven months that home values rose. Values are now higher by 4 percent since the market's October 2011 bottom. As a DC home buyer or seller, though, it's important to understand what the Home Price Index measures. Or, more … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: District of Columbia, Fannie Mae, Federal Housing Administration, FHFA, Freddie Mac, Home Price Index, House price index, HPI, New Home Sales, Price index, Real estate economics, washington dc

Dec 29

Nationally, Home Prices Off 18.3 Percent From April 2007 Peak

December 29, 2011 By Jessica Wilkie 2 Comments

The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October. The Federal Home Finance Agency's Home Price Index shows home values down 0.2% on a monthly, seasonally-adjusted basis. October marks just the second time since April that home values fell month-over-month. The Case-Shiller Index 20-City Composite showed values down 0.7 percent from September to October. As a home buyer in DC , it's easy to look at … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Case-Shiller Index, Fannie Mae, FHFA, Freddie Mac, Home Price Index, House price index, New Home Sales, October, Price index, Real estate broker/agent, Real estate economics

Nov 16

Government Releases Additional HARP Guidance For Underwater Homeowners

November 16, 2011 By Justin Paulhamus 2 Comments

Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government's revamped HARP program, kick-starting a potential refinance frenzy across District of Columbia and nationwide. HARP stands for Home Affordable Refinance Program. The updated program is meant to give "underwater homeowners" an opportunity to refinance at today's low mortgage rates. In the two-plus years since its launch, HARP's first iteration helped fewer than 900,000 homeowners. HARP II, by contrast, is … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: District of Columbia, Fannie Mae, FHFA, Freddie Mac, HARP, Home Affordable Refinance Program, Loan, Loan-to-value ratio, Mortgage loan, Refinancing, washington dc

Jul 28

16 of 20 Case-Shiller Cities Show Improvement In May (including Washington, DC)

July 28, 2011 By Barbara Morrocco Leave a Comment

Standard & Poors released its May 2011 Case-Shiller Index this week. The index measures change in home prices from month-to-month, and year-to-year, in select U.S. cities. May's Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index's 20 tracked markets. Only Detroit, Las Vegas and Tampa fell. Phoenix was flat. Don't look too far into the findings, though. Like the FHFA's Home Price Index, the Case-Shiller Index is rife with … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Case-Shiller Index, FHFA, real estate, Real estate economics, Real estate pricing, S&P/Case-Shiller Home Price Indices (CSX/Y-CM), washington dc

Jul 22

Home Prices Rise For The 2nd Straight Month

July 22, 2011 By Ariana Lazar Leave a Comment

A strong spring season helped home values recover, says the government. According to the Federal Home Finance Agency's Home Price Index, home prices rose a seasonally-adjusted 0.4 percent from April to May. It's the HPI's second straight increase, and puts the monthly index at its highest point since January 2011. As a home seller in DC , you may appreciate news such as "rising home prices", but it's important to remember that the Home Price Index has a several built-in flaws -- the … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: District of Columbia, FHFA, Home Price Index, HPI, Real estate economics, Real estate pricing, washington dc

Jun 29

Home Values Climb 0.8 Percent In April

June 29, 2011 By Ariana Lazar Leave a Comment

Maybe homes in DC are holding value better than we thought. Between March and April of this year, home values rose 0.8 percent nationally, according to the Federal Housing Finance Agency's Home Price Index. It's the index's first month-to-month improvement since May of last year. Values are down 19 percent since peaking 4 years ago. Private-sector data affirms the government's report. Tuesday, the S&P's Case-Shiller Index also showed home values higher by 0.8 percent in April, … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Case-Shiller Index, Federal Housing Finance Agency, FHFA, Home Price Index, Real estate pricing, washington dc

May 06

Foreclosures And Short Sales Distorting “Home Price Trackers”

May 6, 2011 By Ariana Lazar Leave a Comment

In an echo of February's Case-Shiller Index report, the government's own home price-tracker -- the Home Price Index -- showed home values slipping between January and February 2011. The Federal Home Finance Agency data had home values down 1.6 percent nationwide in February, on average, marking the fourth straight month in which prices fell. Furthermore, all 9 regions posted losses from the month prior: Mountain Region : -3.7% from January East South Central : -0.6% from … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: FHFA, Home Price Index, HPI