U.S. house prices rose in July, up 0.2% from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.1% increase in June remained the same.
The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From July 2016 to July 2017, house prices were up 6.3%.
For the nine census divisions, seasonally adjusted monthly price changes from June 2017 to July 2017 ranged from -0.5% in the West North Central and Pacific divisions to +0.6% in the East North Central division. The 12-month changes were all positive, ranging from +4.2% in the West North Central division to +8.2% in the Mountain and Pacific divisions.
