home price index: Home Price Index Rises in March 2010
- 05/26/10 03:52 AM
Home Price Index Rises 0.3% in March 2010 Home values rose in March, according to the Federal Home Finance Agency's most recent Home Price Index. Values were reported higher by 0.3 percent, on average, from February. We use the phrase "on average" because the Home Price Index is broad-reaching, national housing statistic. It ignores the dynamics of neighborhood real estate markets as well as citywide markets , too. Instead, the Home Price Index focuses on state and regional statistics. For example, in March 2010 as compared to February: Values in the East South Central region rose 2.5% Values in the Mountain states … (1 comments)
Home values fell again in January, according to the Federal Home Finance Agency's Home Price Index. Values were reported down 0.6 percent, on average. We say "on average" because the Home Price Index is a national report. It doesn't capture the essence of a local market , or even a city market. The most granular that the monthly Home Price Index gets is regional and January's report shows that: Values in the Mountain states rose 2.0% Values in the Pacific states were flat Values in the East North … (0 comments)
Reporting on a two-month lag, the government said home values rose 0.7 percent in November. National home prices are at their highest point since February 2009. But before we look too much into the FHFA's Home Price Index, it's important that we're cognizant of its shortcomings; the most important of which is its lack of real-time reporting. According to the National Association of RealtorsTM, 80% of purchases close within 60 days. As a result, because of its two-month delay, the Home Price Index report actually trails today's market data by an entire sales cycle. This is one reason why … (0 comments)
More positive signals from housing -- home values are still on the rise. According to the Federal Housing Finance Agency, after posting its first quarterly increase since 2007 this past September, the Home Price Index rose by another 0.6 percent in October. Prices are up in 4 of the last six months. But before we take the stats to the proverbial bank, it's important that we recognize the Home Price Index for its shortcomings. HPI only accounts for homes with mortgages backed by Fannie Mae or Freddie Mac HPI only accounts for re-sold homes -- newly-built homes are excluded … (0 comments)
More positive signals from housing -- home values are still on the rise. According to the Federal Housing Finance Agency, after posting its first quarterly increase since 2007 this past September, the Home Price Index rose by another 0.6 percent in October. Prices are up in 4 of the last six months. But before we take the stats to the proverbial bank, it's important that we recognize the Home Price Index for its shortcomings. HPI only accounts for homes with mortgages backed by Fannie Mae or Freddie Mac … (0 comments)
It's official -- home prices are no longer in free fall. According to the Federal Housing Finance Agency, the Home Price Index posted its first quarterly increase since 2007 last quarter. The news was reported Tuesday. The Home Price Index is an interesting metric. It's huge in its scope, accounting for every home sold in the country that backs a mortgage bound for Fannie Mae or Freddie Mac with two notable exceptions: It doesn't track new construction It doesn't track multi-unit homes Because the Home Price Index makes these specific exclusions, and … (1 comments)
Home Price Index Rises 0.3% in March 2010 
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