FHFA House Price Index Rises in January

On Tuesday, the Federal Housing Finance Agency (FHFA) reported that its House Price Index (HPI) rose 0.1% month-over-month in January, following an upwardly revised 0.3% increase in December. Year-over-year, the index was up 1.6%.

For the nine census divisions, seasonally adjusted monthly price changes ranged from a 0.7% decline in the West South Central division to a 1.7% increase in the East South Central division. The 12-month changes were mixed, ranging from a 0.8% decline in the West South Central division to a 4.4% increase in the East North Central division.

The HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values. FHFA uses a weighted, repeat-sales statistical technique to analyze house price transaction data.