Mortgage Industry News
« Return to Mortgage Industry News
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.
Read Full Article