{"id":4571,"date":"2020-12-23T15:07:16","date_gmt":"2020-12-23T21:07:16","guid":{"rendered":"https:\/\/nwfl4sale.com\/fhfa-house-price-index-up-1-5-in-oct-10-2-from-last-year\/"},"modified":"2020-12-23T15:07:16","modified_gmt":"2020-12-23T21:07:16","slug":"fhfa-house-price-index-up-1-5-in-oct-10-2-from-last-year","status":"publish","type":"post","link":"https:\/\/nwfl4sale.com\/fhfa-house-price-index-up-1-5-in-oct-10-2-from-last-year\/","title":{"rendered":"FHFA: House Price Index Up 1.5% in Oct., 10.2% from Last Year"},"content":{"rendered":"

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By Kerry Smith<\/div><\/div>\n
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It\u2019s the fifth straight month home prices increased. \u201cExtremely low mortgage rates and a limited supply of homes for sale continue to propel price gains.\u201d<\/span><\/span><\/p>\n<\/div>\n

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WASHINGTON \u2013 In October, house prices rose nationwide, up 1.5% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI).<\/span><\/span><\/p>\n

Year-to-year, house prices rose 10.2%.<\/span><\/span><\/p>\n

FHFA breaks the numbers down into nine census divisions. In a month-to-month comparison, the seasonally adjusted changes (September 2020 to October 2020) ranged from a 0.9% increase in the West North Central and East South Central divisions to a 2.1% increase in the New England division.<\/span><\/span><\/p>\n

In a year-to-year comparison, the price increases ranged from 8.4% in the West South Central division to 12.5% in the Mountain and New England divisions.<\/span><\/span><\/p>\n

\u201cU.S. house prices rose for the fifth straight month since states re-opened their local economies,\u201d says Dr. Lynn Fisher, FHFA\u2019s deputy director of the division of research and statistics. \u201cThe 12-month gain of 10.2% in October is the highest annual appreciation observed since the 2004-2005 period.\u201d<\/span><\/span><\/p>\n

Fisher says \u201cextremely low mortgage rates and a limited supply of homes for sale continue to propel price gains. The data do not yet reflect renewals of some local and state COVID-19 restrictions.\u201d<\/span><\/span><\/p>\n

The FHFA HPI measures changes in single-family home values based on data from all 50 states and over 400 American cities. The government started issuing the data in the mid-1970s.<\/span><\/span><\/p>\n

\u00a9 2020 Florida Realtors\u00ae<\/span><\/span><\/p>\n<\/div><\/div>\n

Go to Source<\/a>
\nAuthor: kerrys<\/p>\n","protected":false},"excerpt":{"rendered":"

By Kerry Smith It\u2019s the fifth straight month home prices increased. \u201cExtremely low mortgage rates and a limited supply of homes for sale continue to propel price gains.\u201d WASHINGTON \u2013 In October, house prices rose nationwide, up 1.5% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI). Year-to-year, house prices rose 10.2%. FHFA breaks the numbers down into nine census divisions. In a month-to-month comparison, the seasonally adjusted changes (September 2020 to October 2020) ranged from a 0.9% increase in the West North Central and East South Central divisions to a 2.1% increase in the New England division. In a year-to-year comparison, the price increases ranged from 8.4% in the West South Central division to 12.5% in the Mountain and New England divisions. \u201cU.S. house prices rose for the fifth straight month since states re-opened their local economies,\u201d says Dr. Lynn Fisher, FHFA\u2019s deputy director of the division of research and statistics. \u201cThe 12-month gain of 10.2% in October is the highest annual appreciation observed since the 2004-2005 period.\u201d Fisher says \u201cextremely low mortgage rates and a limited supply of homes for sale continue to propel price gains. The data do not yet reflect renewals of some local and state COVID-19 restrictions.\u201d The FHFA HPI measures changes in single-family home values based on data from all 50 states and over 400 American cities. The government started issuing the data in the mid-1970s. \u00a9 2020 Florida Realtors\u00ae Go to Source Author: kerrys<\/p>\n","protected":false},"author":4,"featured_media":4572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/4571"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=4571"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/4571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/4572"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=4571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=4571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=4571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}