Federal Housing Finance Agency Home Price Index 

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. 
In the report, home prices are compared both regionally and by state.

Based on the latest numbers, waiting to move may end up costing you more!


Wow! Nevada up 12.7 %. 

  1. Although both indexes employ the same fundamental repeat-valuations approach, there are a number of data and methodology differences. Among the dissimilarities:
    1. The S&P/Case-Shiller indexes only use purchase prices in index calibration, while the all-transactions HPI also includes refinance appraisals. FHFA's purchase-only series is restricted to purchase prices.
    2. FHFA's valuation data are derived from conforming mortgages provided by Fannie Mae and Freddie Mac. The S&P/Case-Shiller indexes use information obtained from county assessor and recorder offices.
    3. The S&P/Case-Shiller indexes are value-weighted, meaning that price trends for more expensive homes have greater influence on estimated price changes than other homes. FHFA's index weights price trends equally for all properties.
    4. The geographic coverage of the indexes differs. The S&P/Case-Shiller National Home Price Index, for example, does not have valuation data from 13 states. FHFA's U.S. index is calculated using data from all states.
  FHFA more info         

Best Regards, Kelly 

phone: 775-219-6413