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OriginationNews reports, although it is down two percent from April 2011, Standard & Poor?s Case-Shiller housing price index (HPI) rose 1.3% in April in 19 of the 20 cities it surveys, the first increase since August. Detroit is the only city where prices fell, dropping 3.6% in April. Published by the Federal Housing Finance Agency (FHFA), and based on Fannie Mae and Freddie Mac purchase mortgage transactions, the seasonally-adjusted HPI is three percent higher than April a year ago. The National Association of Realtors tells MHProNews the median sales price of an existing home has increased four successive months, rising to $182,600 in May 2012, an increase of 7.9% over May 2011.
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Categories: Business, Economy, News Item, Trends Tags: amp, association of realtors, existing home, Fannie Mae, Fannie Mae and Freddie Mac, FHFA, Freddie Mac, housing finance agency, housing price index, hpi, mac purchase, median sales price, mortgage transactions, National Association of Realtors, purchase mortgage, seven monthsspace shuttle nyc monkeypox nick perry 30 rock live nfl draft picks 2012 space shuttle enterprise ryan leaf
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