U.S. Home Prices Rise to 2009 Levels

U.S. home prices rose a seasonally adjusted 0.6% for January, according to a Federal Housing Finance Agency House Price Index report [link opens a PDF] released today. After bumping up a revised 0.5% in December and 1.4% for Q4 2012 overall, this newest report reflects another solid month for the housing market.

Source: Federal Housing Finance Agency. 

In 2012, home prices jumped up 6.5% and are currently comparable to September 2004 and 2009 levels.

Looking across the United States, from December to January, the Pacific region recorded a 1.6% price increase, followed by a 1.0% bump for the South Atlantic states. New England prices dropped the most (-0.7%), while the East South Central U.S. dipped 0.5%.

On a longer-term scale, house prices for the Mountain region (Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, and New Mexico) jumped 14.1% over the last 12 months, while Middle Atlantic homes (New York, New Jersey, and Pennsylvania) brought up the rear with a 0.4% price bump.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2325785, ~/Articles/ArticleHandler.aspx, 9/26/2016 5:13:38 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes