On May 28, 2019, The Federal Housing Finance Agency (FHFA) announced that the U.S. house prices up 1.1% in the 1st quarter of 2019 from 4th quarter of 2018, and higher 5.1% from 1st quarter of 2018 based on home sales values obtained from mortgages sold to or guaranteed by FNMA and Freddie Mac.
Nationwide, among nine census Mountain Division was highest with an increase of 1.7%in the 1st quarter of 2019 from 4th quarter of 2018, and rose 7.2% from 1st quarter of 2018, while Pacific Division had lowest gain of 3.7% in the 1st quarter of 2019, from 1st quarter of 2018.
State of Idaho had the highest jump of 13.4%, while State of Maryland was the weakest with a gain of 0.5% in the 1st quarter of 2019, from 1st quarter of 2018.
Dr. William Doerner, Senior Economist, stated “Although price growth is still positive, the upward pace is softening across the country, especially among states with the largest supplies of housing."
For complete more detailed information about the FHFA’s home price index for 1st quarter of 2018, please click HERE