S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Housing

Home Price Index Rises to 18-Month High

Photo of Paul Ausick
By Paul Ausick Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

House for Sale
Thinkstock
The Federal Housing Finance Agency (FHFA) reported Tuesday morning that U.S. home prices rose 0.6% month-over-month in October. Compared with October 2013, the house price index has gained 4.5%. The index was unchanged for September.

The consensus estimate for October called for an increase of 0.2%.

The FHFA monthly index is calculated using purchase prices of houses with mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. The index is 5.1% below its April 2007 peak and roughly equivalent to its level in September 2005.

For the past 12 months, gains have been greatest in the Pacific states, up 6%, and the least in the Middle Atlantic states, which are up 0.8%. The index rose in all nine Census Bureau divisions.

The October index value has reached an 18-month high of 215.4.

Home prices posted month-over-month gains in six Census Bureau divisions and declines in three.

ALSO READ: Mortgage Loan Rates Drop to 18-Month Low

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

How Much Do You Really Need in Treasury Bonds to Replace a $50,000 Salary With Interest
Drew Wood |

How Much Do You Really Need in Treasury Bonds to Replace a $50,000 Salary With Interest
Fed’s Rate Freeze Could Sting for Social Security Recipients
Maurie Backman |

Fed’s Rate Freeze Could Sting for Social Security Recipients

Continue Reading

FHFA Home Price Index Up Less Than Expected Again in October
Paul Ausick |

FHFA Home Price Index Up Less Than Expected Again in October

U.S. home prices, as reported by the Federal Housing Finance Agency, rose less than expected in October. Over the past…
FHFA Home Price Index Rises 0.5% in October
Paul Ausick |

FHFA Home Price Index Rises 0.5% in October

The Federal Housing Finance Agency reported Tuesday morning that U.S. home prices rose more than expected in October.
FHFA Home Price Index Up Less Than Expected in September
Paul Ausick |

FHFA Home Price Index Up Less Than Expected in September

The Federal Housing Finance Agency (FHFA) reported Wednesday morning that U.S. home prices rose 0.6% sequentially in September. Home prices…
Paul Ausick |

Home Price Index Gains More Than Expected

The FHFA monthly index is calculated using purchase prices of houses with mortgages that have been sold to or guaranteed…
May FHFA Home Price Index Rises Less Than Expected
Paul Ausick |

May FHFA Home Price Index Rises Less Than Expected

U.S. house prices rose slightly month over month in May, according to the Federal Housing Finance Agency. House prices rose…
FHFA Home Price Index Rose in August
Paul Ausick |

FHFA Home Price Index Rose in August

The Federal Housing Finance Agency (FHFA) reported Tuesday morning that U.S. home prices rose sequentially more in August than in…
FHFA Home Price Index Rises 0.4% in February
Paul Ausick |

FHFA Home Price Index Rises 0.4% in February

The Federal Housing Finance Agency (FHFA) reported Thursday morning that U.S. home prices rose 0.4% month over month in February.
FHFA Home Price Index Rises 0.5% in January
Paul Ausick |

FHFA Home Price Index Rises 0.5% in January

The Federal Housing Finance Agency (FHFA) reported Tuesday morning that U.S. home prices rose 0.5% month over month in January.
FHFA Home Price Index Ticked Higher in July
Paul Ausick |

FHFA Home Price Index Ticked Higher in July

The Federal Housing Finance Agency (FHFA) reported Thursday morning that U.S. home prices rose 0.5% year over year in July.…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618