U.S. house prices continue to trend up.
According to the Federal Housing Finance Agency (FHFA), U.S. house prices rose in October, up 0.3 percent from the previous month, according to FHFA’s seasonally adjusted monthly House Price Index (HPI). The previously reported 0.2 percent increase in September remained unchanged.
The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From October 2017 to October 2018, house prices were up 5.7 percent.
For the nine census divisions, seasonally adjusted monthly price changes from September 2018 to October 2018 ranged from -0.6 percent in the South Atlantic division (where Greenville is located) to +1.4 percent in the Pacific division. The 12-month changes were all positive, ranging from +3.3 percent in the Middle Atlantic division to +8.5 percent in the Mountain division.
Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs on the following pages. Downloadable data and HPI release dates for 2019 are available on the HPI page.