Federal Housing Finance Agency indexes homes near previous peak

Index is 1.1 percent below March 2007
  • Mountain and Pacific regions continue to outperform other divisions; a number of cities in these regions are leading the nation in terms of home price appreciation.
  • New England continues to be the worst performing region.
  • South Atlantic and West South Central regions are also performing above national average.

U.S. home prices rose 5.8 percent year-over-year in July, with all nine regions experiencing increases. According to the Federal Housing Finance Agency’s (FHFA) House Price Index, four regions saw year-over-year price appreciation that exceeded the national average. Home prices rose the most (9.4 percent) in the Mountain region.