Keeping you up to date on the latest data releases.
In January, the 10- and 20-city S&P Case-Shiller housing price indexes posted positive gains of 0.2 percent and 0.1 percent on a monthly basis and gains of 7.3 percent and 8.1 percent annually. This represents the largest annual improvement to both composites since summer 2006. Nine cities showed positive monthly gains and all 20 MSAs experienced positive growth over the past 12 months. While both composites are still roughly 30 percent below their 2006 peaks, they have risen approximately 9 percent since their early 2012 trough. Overall home prices are back to autumn 2003 levels.
From December to January, the FHFA housing price index rose 0.6 percent and 6.5 percent since January 2012. Regional monthly price changes were minimal, but annually all divisions showed positive growth and the Pacific and Mountain divisions posted double digit gains. Overall prices of homes that are owned or guaranteed by Fannie Mae or Freddie Mac are back to autumn 2004 levels.