Home Prices Inched Up in October, FHFA Home Price Index

Washington, DC, December 23, 2015—U.S. house prices rose in October, up 0.5% on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). 

The previously reported 0.8% increase in September was revised downward to reflect a 0.7% increase.

The FHFA HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From October 2014 to October 2015, house prices were up 6.1%. 

For the nine census divisions, seasonally adjusted monthly price changes from September 2015 to October 2015 ranged from -0.5% in the New England division to +1.2% in the East South Central division. The 12-month changes were all positive, ranging from +2.9% in the New England division to +8.9% in the Mountain division.