U.S. house prices fell 0.2 percent on a seasonally adjusted basis from September to October of this year according to the Federal Housing Finance Agency’s monthly House Price Index. For the 12 months ending in October, U.S. prices fell 2.8 percent. The U.S. index is 19.2 percent below its April 2007 peak and roughly the same as the February 2004 index level.
The FHFA monthly index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac.
- Anderson: down 14.5 percent
- Charleston: down 18.6 percent
- Columbia: down 7.2 percent
- Greenville: down 6.8 percent
- Myrtle Beach/Conway: down 28.5 percent
- Rock Hill: down 13.1 percent
- Spartanburg: down 10.2 percent
- SC: down 14.8 percent
- U.S.: down 19.2 percent