FHFA: Home prices rise 0.3% in February

Up Sign Arrows

The nation’s home prices rose 0.3% on a seasonally adjusted basis from January to February, according to the Federal Housing Finance Agency’s monthly house price index.

For the 12 months ended February, home prices rose 0.4%, the first 12-month increase since the July 2006 to July 2007 interval. The index remains 19.4% below its April 2007 peak and is roughly the same as its January 2004 level.

While prices in January were unchanged, according to initial estimates reported in the last HPI release, the January result was revised downward to reflect a 0.5% decrease.

Click on the graph below for the seasonally adjusted and unadjusted monthly appreciation rates over the past 18 months.

The FHFA calculates its monthly index using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac.

 

The author of this article is: Justin T. Hilley

 See the original post at: http://www.housingwire.com/news/fhfa-home-prices-rise-03-february

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

         Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

Author: admin

In the mid 1990’s Jeff Hammerberg a Gay REALTOR working at a successful ReMax Office in Colorado witnessed discrimination first hand and has spent his career changing the way the Gay & Lesbian Community buys or sells a home. “My goal is to make sure when you walk in to or call a real estate office, you have an appointment with a top producing agent that you know stands in full support of you as a gay or lesbian person and works with you as your advocate throughout any transaction. Let’s make sure the commissions earned by an agent you employ, are not being used to fund positions or causes that don’t stand in full support of the LGBT Community. Many of our Gay & Lesbian REALTORS are Top Producers in their communities, offering unparalleled service today and in the future. There is no cost or obligation to use any of our services or directories.”