Seasonally adjusted home prices rose 0.3 percent month-over-month and 6.1 percent year-over-year in August, according to the Federal Housing Finance Agency’s latest House Price Index (HPI) report released on Wednesday. July’s HPI was revised upward from 0.2 percent to 0.4 percent month-over-month, noted the FHFA.

For the nine census divisions, the Middle Atlantic was the only one to experience a month-over-month decrease (-0.7%) in home prices. Meanwhile, the Pacific had the largest month-over-month increase at 0.8 percent followed by the East South Central and South Atlantic regions at 0.4 percent each.

On a year-over-year basis, all nine census divisions experienced an uptick in home prices with the Mountain division leading with an 8.4 percent gain, followed by the Middle Atlantic with a 4.0 percent increase.

The House Price Index is calculated using home sales price statistics from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac and excludes high-priced properties bought with jumbo loans or cash sales.

Here are the states in each census division:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

Email Marian McPherson.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription