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U.S. AUGUST HOME PRICE TRENDS

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With an 0.3 percent gain month-over-month, August home prices remained on-trend, according to the Federal Housing Finance Agency’s (FHFA) Home Price Index (HPI). On an annual basis, the HPI rose 6.1 percent.

Based on Census division:

Pacific
Alaska, California, Hawaii, Oregon, Washington

Change MoM in Prices: 0.8%
Change YoY in Prices: 7.3%

Mountain
Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, Wyoming

Change MoM in Prices: 0%
Change YoY in Prices: 8.4%

West North Central
Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota

Change MoM in Prices: 0.1%
Change YoY in Prices: 6%

West South Central
Arkansas, Louisiana, Oklahoma, Texas

Change MoM in Prices: 0.4%
Change YoY in Prices: 4.5%

East North Central
Illinois, Indiana, Michigan, Ohio, Wisconsin

Change MoM in Prices: 0.2%
Change YoY in Prices: 6.1%

East South Central
Alabama, Kentucky, Mississippi, Tennessee

Change MoM in Prices: 0.3%
Change YoY in Prices: 5.6%

New England
Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont

Change MoM in Prices: 0.7%
Change YoY in Prices: 5.2%

Middle Atlantic
New Jersey, New York, Pennsylvania

Change MoM in Prices: -0.7%
Change YoY in Prices: 4%

South Atlantic
Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South California, Virginia, West Virginia

Change MoM in Prices: 0.4%
Change YoY in Prices: 6.8%

The HPI is based on data from Fannie Mae and Freddie Mac, and accounts for conforming, conventional mortgages in the single-family space.

Source: Federal Housing Finance Agency (FHFA)

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Edd Habegger