Markets & Economy

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.

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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, which includes: Montana Idaho Wyoming Nevada Utah Colorado Arizona New Mexico Comprising California, Oregon, Washington, Alaska and Hawaii, the Pacific region saw a year-over-year increase of 8.1 percent. The South Atlantic and West South Central regions saw gains of 6.2 percent and 6.9 percent, respectively. The West South Central includes Oklahoma, Arkansas, Texas and Louisiana. Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia and Florida comprise the South Atlantic region. The worst performing regions were New England and the Middle Atlantic, which saw year-o...