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House price index. A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date (which has an HPI of 100). Methodologies commonly used to calculate an HPI are hedonic regression (HR), simple moving average (SMA), and repeat-sales regression (RSR).
The Federal Housing Finance Agency (FHFA) is an independent federal agency in the United States created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team, [3] absorbing the powers and regulatory authority ...
On July 30, 2008, the Housing and Economic Recovery Act of 2008 combined OFHEO and the Federal Housing Finance Board (FHFB) to form the new Federal Housing Finance Agency (FHFA). OHFEO director James B. Lockhart III oversaw the agency at its conception, but departed after less than a year. OFHEO also published the house price index.
The Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 1.9% sequentially in the first quarter of 2013. Compared to the first quarter of 2012, the house price ...
House prices rose 2.1% for Q2 2013, according to a Federal Housing Finance Agency (FHFA) report (link opens as PDF) released today. These newest numbers mark the eighth straight seasonally ...
House prices rose a seasonally adjusted 0.8% for December, according to a Federal Housing Finance Agency (FHFA) report (link opens as PDF) released today. Closing out 2013, this latest month's ...
2000–2003: Early 2000s recession (exact time varies by country). 2001–2005: United States housing bubble (part of the world housing bubble ). 2001: US Federal Reserve lowers Federal funds rate eleven times, from 6.5% to 1.75%. [ 40] 2002–2003: Mortgage denial rate of 14 percent for conventional home purchase loans, half of 1997.
The FHFA compares the increase or decrease in the average house price from October to October every year, as indicated by the Housing Price Index. It uses this percentage change as the basis to ...