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FHFA House Price Index Up 0.4 Percent in November

January 23, 2019 / Source: FHFA

News Release

FHFA House Price Index Up 0.4 Percent in November



Washington, D.C. – U.S. house prices rose in November, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).  The previously reported 0.3 percent increase in October was revised to reflect a 0.4 percent increase. 

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.  From November 2017 to November 2018, house prices were up 5.8 percent. 

For the nine census divisions, seasonally adjusted monthly price changes from October 2018 to November 2018 ranged from -0.8 percent in the Pacific division to +1.1 percent in the South Atlantic division.  The 12-month changes were all positive, ranging from +4.5 percent in the West South Central division to +7.4 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.

For detailed information on the HPI, see HPI Frequently Asked Questions (FAQ).  The next HPI report will be released February 26, 2019 and will include monthly data through December 2018 and quarterly data for the fourth quarter of 2018.



House Price Index – November 2018

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $6.2 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at, on Twitter @FHFAYouTube and LinkedIn.