the last quarter of 2011. Overall, the nation’s median home prices fell by a modest 0.1 percent. Nine Census Divisions are tracked, and here are those numbers:
Division Ranking 1-Yr. Qtr. 5-Yr. Since 1991Q1
USA -2.43 -0.10 -19.16 80.27
West South Central 1 1.24 1.07 1.84 94.52
East South Central 2 -0.76 0.33 -7.62 79.35
West North Central 3 -1.33 -0.21 -9.40 92.29
New England 4 -2.06 -0.60 -12.67 96.67
South Atlantic 5 -2.78 0.03 -26.07 76.39
East North Central 6 -2.88 -0.72 -17.05 59.08
Middle Atlantic 7 -3.43 -1.16 -9.99 97.19
Mountain 8 -3.59 0.62 -31.15 100.34
Pacific 9 -4.78 -0.11 -38.24 68.71
Ranking is based on one-year appreciation.
From the FHFA in this report:
“While FHFA’s national index shows a 2 percentage point price decline over the latest four quarters, 12 states and the District of Columbia posted price increases,” said FHFA Principal Economist Andrew Leventis. “When coupled with the fact that about half of all U.S. states saw price increases in the latest quarter, this growth adds to mounting evidence that real estate markets are seeing at least some signs of life.”
FHFA’s purchase-only and all-transactions HPI track average house price changes in repeat sales or refinancings on the same single-family properties. The purchase-only index is based on more than 6 million repeat sales transactions, while the all-transactions index includes more than 44 million repeat transactions. Both indexes are based on data obtained from Fannie Mae and Freddie Mac for mortgages originated over the past 37 years.
FHFA analyzes the combined mortgage records of Fannie Mae and Freddie Mac, which form the nation’s largest database of conventional, conforming mortgage transactions. The conforming loan limit for mortgages purchased since the beginning of 2006 has been $417,000. Pursuant to the terms of various short-term Congressional initiatives, loan limits for mortgages originated between July 1, 2007 and September 30, 2011 were as high as $729,750 in certain high-cost areas in the contiguous United States. Mortgages originated after September 30, 2011 were no longer subject to the terms of those initiatives and, under the formula established under the Housing and Economic Recovery Act of 2008, the “ceiling” limit for one-unit properties in the contiguous United States fell to $625,500.
the last quarter of 2011. Overall, the nation’s median home prices fell by a modest 0.1 percent. Nine Census Divisions are tracked, and here are those numbers:
Division Ranking 1-Yr. Qtr. 5-Yr. Since 1991Q1
USA -2.43 -0.10 -19.16 80.27
West South Central 1 1.24 1.07 1.84 94.52
East South Central 2 -0.76 0.33 -7.62 79.35
West North Central 3 -1.33 -0.21 -9.40 92.29
New England 4 -2.06 -0.60 -12.67 96.67
South Atlantic 5 -2.78 0.03 -26.07 76.39
East North Central 6 -2.88 -0.72 -17.05 59.08
Middle Atlantic 7 -3.43 -1.16 -9.99 97.19
Mountain 8 -3.59 0.62 -31.15 100.34
Pacific 9 -4.78 -0.11 -38.24 68.71
Ranking is based on one-year appreciation.
From the FHFA in this report:
“While FHFA’s national index shows a 2 percentage point price decline over the latest four quarters, 12 states and the District of Columbia posted price increases,” said FHFA Principal Economist Andrew Leventis. “When coupled with the fact that about half of all U.S. states saw price increases in the latest quarter, this growth adds to mounting evidence that real estate markets are seeing at least some signs of life.”
FHFA’s purchase-only and all-transactions HPI track average house price changes in repeat sales or refinancings on the same single-family properties. The purchase-only index is based on more than 6 million repeat sales transactions, while the all-transactions index includes more than 44 million repeat transactions. Both indexes are based on data obtained from Fannie Mae and Freddie Mac for mortgages originated over the past 37 years.
FHFA analyzes the combined mortgage records of Fannie Mae and Freddie Mac, which form the nation’s largest database of conventional, conforming mortgage transactions. The conforming loan limit for mortgages purchased since the beginning of 2006 has been $417,000. Pursuant to the terms of various short-term Congressional initiatives, loan limits for mortgages originated between July 1, 2007 and September 30, 2011 were as high as $729,750 in certain high-cost areas in the contiguous United States. Mortgages originated after September 30, 2011 were no longer subject to the terms of those initiatives and, under the formula established under the Housing and Economic Recovery Act of 2008, the “ceiling” limit for one-unit properties in the contiguous United States fell to $625,500.