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Q4 Home Price Gains Outpace Inflation -FHFA

Thursday, February 26, 2015

The Federal Housing Finance Agency (FHFA) said today that home prices in the fourth quarter of 2014 were up 1.4 percent compared to the previous quarter and 4.9 percent from the fourth quarter of 2013.  The fourth quarter was the fourteenth consecutive one in which the agency's purchase only House Price Index (HPI) increased on a seasonally adjusted basis from the prior quarter. 

The monthly HPI for December, also reported today, was up 0.8 percent from November. This measure has increased for 23 of the last 24 months with the single decreased registered in November 2013

FHFA's index is calculated using home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac.  An expanded data index using transaction information from county recorders' offices and the FHA was up 1.3 percent quarter-over-quarter and was 6.0 percent higher than in the fourth quarter of 2013.

 

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