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House Price Index

U.S. House Price Index Report - 4Q 2014/ December

Published: 2/26/2015

Significant Findings:

  • Between the fourth quarter of 2013 and the fourth quarter of 2014, the seasonally adjusted, purchase-only HPI rose in 48 states and the District of Columbia.  The top five areas in annual appreciation: 1) District of Columbia: 12.5 percent; 2) Nevada:  9.0 percent; 3) North Dakota: 8.4 percent; 4) Colorado: 7.9 percent; and 5) Michigan: 7.8 percent.
  • As measured with purchase-only indexes for the 100 most populated metropolitan areas in the U.S., fourth quarter price increases were greatest in the San Francisco-Redwood City-South San Francisco, CA area, where prices increased by 6.0 percent.  Prices were weakest in the El Paso, TX MSA, where they fell 6.6 percent.
  • Of the nine census divisions, the Mountain division experienced the strongest increase in the fourth quarter, posting a 1.8 percent quarterly increase and a 5.5 percent increase since last year.  House price appreciation was weakest in the New England division, where prices fell .03 percent. 
  • The monthly seasonally adjusted, purchase-only index for the U.S. has increased for 23 of the last 24 months (November 2013 showed a decrease)
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