Wednesday, November 24, 2010

FHFA Monthly Home Prices: September 2010

Today, the Federal Housing Finance Agency (FHFA) released the latest results of their monthly house price index (HPI) showing that, nationally, home prices declined 1.22% since August falling a notable 2.83% below the level seen in September 2009.

The FHFA monthly HPI are formulated from home purchase information collected from mortgages that have been sold to or guaranteed by Fannie Mae and Freddie Mac.