FHFA: Q4 Home Prices Edge Up 1.5 Percent

Home prices edged up 1.5 percent in the fourth quarter of 2016, totaling 6.2 percent from the fourth quarter of 2015, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The HPI—based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages—came in 0.4 percent higher month-over-month in December.
Per the Index, home prices increased in the majority of states, as well as the District of Columbia, from the fourth quarte