US home prices’ rise less than expected

0.1 percent monthly increase could not compare to economists' projection of 0.5 percent

TRD New York /
Sep.September 23, 2014 02:55 PM

The latest home price index report from the FHFA showed home prices rose 0.1 percent in July, less than the 0.5 percent that was expected by economists and below the 0.4% increase seen the prior month.

From the FHFA:

“U.S. house prices rose in July, up 0.1 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.4 percent increase in June was revised to reflect a 0.3 percent increase.

For the nine census divisions, seasonally adjusted monthly price changes from June 2014 to July 2014 ranged from -0.5 percent in the Middle Atlantic division to +0.4 percent in the East North Central division. The 12-month changes were all positive ranging from +1.6 percent in the Middle Atlantic division to +7.2 percent in the Pacific division.”

The monthly house price index is back to 2005 levels but is still below its pre-crisis peak.

Related Articles


Home-price gains hit lowest rate in a year

New York, LA, Miami home prices continue to rise

New York home prices up 6% in the last 12 months

Home prices rising at fastest rate in years: Case-Shiller

NYC home prices picked up steam in March: Case-Shiller

Placeholder image

US home prices continue to rise in November, though sales volume is slowing

New York lags far behind rest of US in latest Case-Shiller index

National home prices keep rising