In its latest monthly Home Price Index (HPI) just released, the Federal Housing Finance Agency (FHFA) indicated that existing home sale prices budged slightly upward by just 0.4% from March to April 2019. However, when comparing existing home sale prices in April 2018 to April 2019, existing home sale prices increased +5.2%.
The FHFA uses data from Freddie Mac and Fannie Mae to determine its HPI therefore, data regarding high-end homes bought with jumbo loans or with cash is not included in its analysis.
The Mountain Division of the country (Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona and New Mexico) saw the strongest appreciation growth of +1.2% month-to month while the Western, Northern and Central Divisions of the housing market saw price appreciation of existing homes decline -0.6%.
Here is a list of 12-month changes of existing home sale price growth by regions:
Region 4/17-4/18 4/18-4/19
US 6.8 5.2
Pacific 8.5 4.1
Mountain 9.4 7.8
West-North-Central 6.2 5.0
West-South-Central 5.0 5.2
East-North-Central 6.9 4.9
East-0South-Central 5.9 6.9
New England 5.3 4.9
Mid Atlantic 5.6 4.0
South Atlantic 7.1 5.5
Thanks to HousingWire.
