U.S. house prices remained flat in January according to the FHFA seasonally adjusted monthly House Price Index (HPI). From January 2016 to January 2017, house prices were up 5.7 percent.
For the nine census divisions, seasonally adjusted monthly price changes from December 2016 to January 2017 ranged from -2.0 percent in the East South Central division to +0.6 percent in the Pacific division. The 12-month changes were all positive, ranging from +3.5 percent in the East South Central division to +8.3 percent in the Mountain division.
Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.