The Federal Housing Finance Agency (FHFA) released it House Price Index (HPI) for Q3 2015. On average, home prices were 1.5% higher than Q2 2016, but 6.1% higher than Q3 2015. Other information provided by the index, included:
- Home prices rose in 49 states between Q3 2015 and Q3 2016. Delaware and the District of Columbia were the only areas not to see price increases.
- The top five states in annual appreciation were:
- Florida 10.7 %;
- Oregon 10.4%;
- Washington 10.4%;
- Colorado 10.0%; and
- Utah 9.5%.
- Among metropolitan areas, annual price increases were greatest in the Tacoma-Lakewood, WA, where prices increased by 12.9%. Prices were weakest in New Haven-Milford, CT, where they fell 1.7%.
- The South Atlantic region experienced the strongest increase in the Q3, posting a 1.8% quarterly increase and a 7.1% annual increase. Price appreciation was weakest in the New England region, where prices rose 0.8% from the last quarter.