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Housing Prices Reach Near Pre-Crash Levels

by | Jul 27, 2015

The U.S. index is only 1.8 percent below its March 2007 peak

By Jeff Sorg, OnlineEd Blog, July 27, 2015

rising housing prices 1Washington, D.C. – U.S. house prices rose in May, up 0.4 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). The previously reported 0.3 percent change in April was revised upward to reflect a 0.4 percent change.

The Federal Housing Finance Agency calculates their Housing Price Index using home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. From May 2014 to May 2015, house prices were up 5.7 percent. The U.S. index is 1.8 percent below its March 2007 peak and is roughly the same as the April 2006 index level.

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 All information contained in this posting is deemed correct and current as of the date of posting, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

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