On November 26, 2019, The Federal Housing Finance Agency (FHFA) announced that the U.S. house prices higher 1.1% in the 3rd quarter of 2019 from 2nd quarter of 2019, and gained 4.9% from 3rd 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 1.8% in the 3rd quarter of 2019 from 2nd quarter of 2019, and rose 6.9% from 3rd quarter of 2018, while Middle Atlantic Division had lowest with a gain of 4.0% in the 3rd quarter of 2019, from 3rd quarter of 2018.
State of Idaho had the highest jump of 11.6%, while State of Illinois was the weakest with a gain of 1.9% in the 3rd quarter of 2019, from 2nd quarter of 2019.
Dr. William Doerner, Senior Economist, stated “Relative to a year ago, market indices are still trending upward for the nation as a whole as well as in every census division, state, and the top 100 metro areas. Price gains, though, are continuing to slow their upward pace in a few cities with large housing markets.”
For complete more detailed information about the FHFA’s home price index for 3rd quarter of 2019, please click HERE