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Sep 26

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

Home Price Index Shows Values Rising

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...]

Sep 06

Case-Shiller Index Shows Huge Home Price Gain

Case-Shiller Index Shows Huge Home Price Gain

Home prices continue to rise nationwide. According to the Standard & Poor's Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker's 1987 inception and another signal that the housing market is in recovery. The private-sector metric's results are similar to what the government's Home Price Index showed for June, too -- values rising quickly. In addition, for the second straight month, … [Read more...]

Aug 28

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

Home Prices Up 3.0% In Last 12 Months Nationwide

  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...]

Jul 25

Home Values Rise 0.8% In May 2012

Home Price Index - Washington, DC

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...]

May 02

Home Values Start The Year Strong

DC Home Values Start Year Strong

Home prices started the year on an upswing. According to the Federal Home Finance Agency's Home Price Index, home prices rose by a seasonally-adjusted 0.3 percent between January and February 2012. The index is up 0.4% over the past year, offering a counter-story to the Case-Shiller Index's assertion that home values are sinking. Last week, Standard & Poor's Case-Shiller Index said home values had dropped more than 3 percent in the prior 12 months. As a home buyer or seller in … [Read more...]

Dec 29

Nationally, Home Prices Off 18.3 Percent From April 2007 Peak

District of Columbia Home Price Index

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...]

Oct 05

Home Values Rose For the 4th Straight Month

HOMEPRICEINDEX

The government is confirming what the private sector has already shown --  home values are on the rise. The Federal Home Finance Agency's Home Price Index shows home values rose 0.8% in July. July marks the fourth straight month that home values climbed and the FHFA's Home Price Index is the latest in a series of "rising home values" reports -- an encouraging trend for buyers and sellers in District of Columbia and nationwide. Last week, the S&P Case-Shiller Index showed home … [Read more...]

Jul 22

Home Prices Rise For The 2nd Straight Month

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...]

Jun 29

Home Values Climb 0.8 Percent In April

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...]

Jun 03

Washington DC Real Estate Market Tops March Case-Shiller Report

The March Case-Shiller Index was released this week and it corroborates the findings of the government's most recent Home Price Index -- home values are slipping nationwide. According to the Case-Shiller Index's publisher, Standard & Poors, home values fell in March from the year prior. The March report was among the worst Case-Shiller Index readings in 3 years. On a monthly basis, 18 of 20 tracked markets worsened. Only Seattle and Washington, D.C. showed improvement, rising 0.1% and … [Read more...]