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Prices Now within 1 percent of Pre-crash Peak

Thursday, October 22, 2015

Prices of homes purchased in August using Fannie Mae or Freddie Mac mortgage financing increased by 0.3 percent compared to July the Federal Housing Finance Agency (FHFA) said today. The agencies Home Price Index (HPI) gained 5.5 percent from August 2014. FHFA also said that the increase in July, originally reported as 0.6 percent from the previous months, has been revised down to a 0.5 percent gain.

Prices as measured by FHFA are now roughly back to the same level as in December 2006.  The HPI has regained must of the ground lost following the housing downturn and is now within 0.9 percent of its March 2007 peak.

 

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