Talking Points …
- U.S. house prices rose 0.3 percent in January, on a seasonally adjusted basis compared with the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI).
- The previously reported 0.8 percent change in December was revised downward to a 0.7 percent change.
- From January 2014 to January 2015, house prices were up 5.1 percent. The U.S. index is 3.5 percent below its March 2007 peak and is roughly the same as the December 2005 index level.