The Federal Housing Finance Agency (FHFA) released its monthly report today on U.S. home prices in May, based on its House Price Index (HPI) for houses financed or guaranteed by Fannie Mae or Freddie Mac. According to the FHFA, home prices increased in May by 0.8% from April to an index level of 188.06, which was the highest level for home prices since August 2010 (see top chart above). The April-May increase in the HPI was the fourth back-to-back monthly price increase starting in February, and was the largest four-month increase in home prices (3.47%) since the fall of 2005.
By Mark Perry
Brian Walsh ABR® BPO
***Accredited Buyer's Representative. I am always ready to assist you in your home search. ALL homes for sale in Charleston, SC and the surroudning areas can be found on my website.***
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