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FHFA: Home Prices Increase in June, Down for the Quarter
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You're Now Reading:
FHFA: Home Prices Increase in June, Down for the Quarter
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
You're Now Reading:
FHFA: Home Prices Increase in June, Down for the Quarter
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August 24, 2011 (Shirley Allen)

Home prices increased 0.9 percent from May to June but were still 5.8 percent below year ago levels according to the Federal Housing Finance Agency’s monthly House Price Index (HPI).

Despite the increase in prices in June, home prices for the second quarter were still 0.6 percent lower than prices in the first quarter of 2011. Thirty-one states posted price declines from the first quarter to the second quarter.

According to the HPI, home prices have declined 18.8 percent below the May 2007 peak and are roughly at the same levels seen in February 2004.

Of the 25 most populated areas in the U.S., the largest price decline was posted in the Atlanta-Sandy Springs-Marietta, GA, area where prices dropped 14.1 percent in the last year. The area with the largest price gain in the last year was Pittsburgh, PA, which posted a 3.7 percent price increase in the last year.

FHFA gathers its data by calculating purchase prices of houses backed by mortgages sold to our guaranteed by Fannie Mae and Freddie Mac. The data is then broken down into nine geographic Census Divisions.

Month-over-month, seven of the nine Census Divisions experienced price gains and two experienced price declines. The Pacific Division had the worse price decline of 0.8 percent, while the Northeast Division posted the largest price gain of 3.3 percent.

None of the nine Divisions experienced year-over-year price gains. The worse performing division was the Pacific Division which saw prices drop 7.9 percent. The West South Central Division saw the smallest year-over-year price decline with a 0.6 percent drop.

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

FHFA HPI

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

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August 24, 2011 (Shirley Allen)

Home prices increased 0.9 percent from May to June but were still 5.8 percent below year ago levels according to the Federal Housing Finance Agency’s monthly House Price Index (HPI).

Despite the increase in prices in June, home prices for the second quarter were still 0.6 percent lower than prices in the first quarter of 2011. Thirty-one states posted price declines from the first quarter to the second quarter.

According to the HPI, home prices have declined 18.8 percent below the May 2007 peak and are roughly at the same levels seen in February 2004.

Of the 25 most populated areas in the U.S., the largest price decline was posted in the Atlanta-Sandy Springs-Marietta, GA, area where prices dropped 14.1 percent in the last year. The area with the largest price gain in the last year was Pittsburgh, PA, which posted a 3.7 percent price increase in the last year.

FHFA gathers its data by calculating purchase prices of houses backed by mortgages sold to our guaranteed by Fannie Mae and Freddie Mac. The data is then broken down into nine geographic Census Divisions.

Month-over-month, seven of the nine Census Divisions experienced price gains and two experienced price declines. The Pacific Division had the worse price decline of 0.8 percent, while the Northeast Division posted the largest price gain of 3.3 percent.

None of the nine Divisions experienced year-over-year price gains. The worse performing division was the Pacific Division which saw prices drop 7.9 percent. The West South Central Division saw the smallest year-over-year price decline with a 0.6 percent drop.

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

FHFA HPI

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

August 24, 2011 (Shirley Allen)

Home prices increased 0.9 percent from May to June but were still 5.8 percent below year ago levels according to the Federal Housing Finance Agency’s monthly House Price Index (HPI).

Despite the increase in prices in June, home prices for the second quarter were still 0.6 percent lower than prices in the first quarter of 2011. Thirty-one states posted price declines from the first quarter to the second quarter.

According to the HPI, home prices have declined 18.8 percent below the May 2007 peak and are roughly at the same levels seen in February 2004.

Of the 25 most populated areas in the U.S., the largest price decline was posted in the Atlanta-Sandy Springs-Marietta, GA, area where prices dropped 14.1 percent in the last year. The area with the largest price gain in the last year was Pittsburgh, PA, which posted a 3.7 percent price increase in the last year.

FHFA gathers its data by calculating purchase prices of houses backed by mortgages sold to our guaranteed by Fannie Mae and Freddie Mac. The data is then broken down into nine geographic Census Divisions.

Month-over-month, seven of the nine Census Divisions experienced price gains and two experienced price declines. The Pacific Division had the worse price decline of 0.8 percent, while the Northeast Division posted the largest price gain of 3.3 percent.

None of the nine Divisions experienced year-over-year price gains. The worse performing division was the Pacific Division which saw prices drop 7.9 percent. The West South Central Division saw the smallest year-over-year price decline with a 0.6 percent drop.

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

FHFA HPI

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.