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.
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.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
6 Ways to Make Your Retirement Savings Last
Breaking a big retirement rule is one of them.
Can You Really Make Money Mining Bitcoins?
Profits are not easy to come by. Expensive hardware and risky cloud mining deals are the main challenges.
3 Things to Watch in the Stock Market This Week
Look for Netflix, P&G, and Starbucks to make big moves over the next few trading days.