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FHFA: Home Prices Decline a Modest 0.1 Percent in Fourth Quarter
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
FHFA: Home Prices Decline a Modest 0.1 Percent in Fourth Quarter
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
FHFA: Home Prices Decline a Modest 0.1 Percent in Fourth Quarter

February 24, 2012 (Shirley Allen)

Home prices in the United States fell a modest 0.1 percent on a seasonally adjusted basis in the fourth quarter of 2011 according to the Federal Housing Finance Agency’s (FHFA) quarterly (purchase-only) House Price Index (HPI).

However, using FHFA’s expanded data housing price index which includes transactions from county recorder offices and the Federal Housing Administration (FHA), home prices fell 0.8 percent from the third quarter to the fourth.

From the fourth quarter of 2010 to the fourth quarter of 2011, home prices fell 2.43 percent.

Five of the nine Census Divisions posted price declines in the fourth quarter with the largest decline reported in the Middle Atlantic Division (-1.16%) followed by the East North Central Division (-0.72%), the New England Division (-0.60%), the West North Central Division (-0.21%) and the Pacific Division (-0.11%).

The Divisions that posted an increase in home prices in the fourth quarter were the West South Central Division (+1.07%), the Mountain Division (+0.62%), the East South Central Division (+0.33%) and the South Atlantic Division (+0.03%).

Year-over-year, every Division but one posted a decline in home prices with the West South Central Division reporting the only increase of 1.24 percent, while the Pacific Division posted the largest decline of 4.78 percent.

Following the Pacific Division were the Mountain Division (-3.59%), the Middle Atlantic Division (-3.43%), the East North Central Division (-2.88%), the South Atlantic Division (-2.78%), the New England Division (-2.06%), the West North Central Division (-1.33%), and the East South Central Division (-0.76%).

The worst performing state in the fourth quarter was Nevada where home prices fell 3.95 percent while the best performing state was Arizona which saw prices rise 4.11 percent for the quarter.

Year-over-year, Alaska had the largest increase in home prices, 5.10 percent, while Nevada posted the largest decline of 12.91 percent.

Of the 25 most populated metropolitan areas in the United States, 19 of the areas posted declines in home prices in 2011 with the Chicago-Joliet-Napervile, IL area posting the largest decline of 9.77 percent while the Warren-Troy-Farmington Hills,MI area posted the largest increase of 3.47 percent as measured with the purchase-only indexes.

In the fourth quarter, 11 of the 25 metropolitan areas posted an increase in home prices with the largest increase posted in the Phoenix-Mesa-Glendale, AZ area (+7.01%) while the largest decline was posted in the Seattle-Bellevue-Everett, WA area (-3.40%).

FHFA Principal Economist Andrew Leventis stated, “While FHFA’s national index shows a 2 percentage point price decline over the latest four quarters, 12 states and the District of Columbia posted price increases. When coupled with the fact that about half of all U.S. states saw price increases in the latest quarter, this growth adds to mounting evidence that real estate markets are seeing at least some signs of life.”

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 24, 2012 (Shirley Allen)

Home prices in the United States fell a modest 0.1 percent on a seasonally adjusted basis in the fourth quarter of 2011 according to the Federal Housing Finance Agency’s (FHFA) quarterly (purchase-only) House Price Index (HPI).

However, using FHFA’s expanded data housing price index which includes transactions from county recorder offices and the Federal Housing Administration (FHA), home prices fell 0.8 percent from the third quarter to the fourth.

From the fourth quarter of 2010 to the fourth quarter of 2011, home prices fell 2.43 percent.

Five of the nine Census Divisions posted price declines in the fourth quarter with the largest decline reported in the Middle Atlantic Division (-1.16%) followed by the East North Central Division (-0.72%), the New England Division (-0.60%), the West North Central Division (-0.21%) and the Pacific Division (-0.11%).

The Divisions that posted an increase in home prices in the fourth quarter were the West South Central Division (+1.07%), the Mountain Division (+0.62%), the East South Central Division (+0.33%) and the South Atlantic Division (+0.03%).

Year-over-year, every Division but one posted a decline in home prices with the West South Central Division reporting the only increase of 1.24 percent, while the Pacific Division posted the largest decline of 4.78 percent.

Following the Pacific Division were the Mountain Division (-3.59%), the Middle Atlantic Division (-3.43%), the East North Central Division (-2.88%), the South Atlantic Division (-2.78%), the New England Division (-2.06%), the West North Central Division (-1.33%), and the East South Central Division (-0.76%).

The worst performing state in the fourth quarter was Nevada where home prices fell 3.95 percent while the best performing state was Arizona which saw prices rise 4.11 percent for the quarter.

Year-over-year, Alaska had the largest increase in home prices, 5.10 percent, while Nevada posted the largest decline of 12.91 percent.

Of the 25 most populated metropolitan areas in the United States, 19 of the areas posted declines in home prices in 2011 with the Chicago-Joliet-Napervile, IL area posting the largest decline of 9.77 percent while the Warren-Troy-Farmington Hills,MI area posted the largest increase of 3.47 percent as measured with the purchase-only indexes.

In the fourth quarter, 11 of the 25 metropolitan areas posted an increase in home prices with the largest increase posted in the Phoenix-Mesa-Glendale, AZ area (+7.01%) while the largest decline was posted in the Seattle-Bellevue-Everett, WA area (-3.40%).

FHFA Principal Economist Andrew Leventis stated, “While FHFA’s national index shows a 2 percentage point price decline over the latest four quarters, 12 states and the District of Columbia posted price increases. When coupled with the fact that about half of all U.S. states saw price increases in the latest quarter, this growth adds to mounting evidence that real estate markets are seeing at least some signs of life.”

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 24, 2012 (Shirley Allen)

Home prices in the United States fell a modest 0.1 percent on a seasonally adjusted basis in the fourth quarter of 2011 according to the Federal Housing Finance Agency’s (FHFA) quarterly (purchase-only) House Price Index (HPI).

However, using FHFA’s expanded data housing price index which includes transactions from county recorder offices and the Federal Housing Administration (FHA), home prices fell 0.8 percent from the third quarter to the fourth.

From the fourth quarter of 2010 to the fourth quarter of 2011, home prices fell 2.43 percent.

Five of the nine Census Divisions posted price declines in the fourth quarter with the largest decline reported in the Middle Atlantic Division (-1.16%) followed by the East North Central Division (-0.72%), the New England Division (-0.60%), the West North Central Division (-0.21%) and the Pacific Division (-0.11%).

The Divisions that posted an increase in home prices in the fourth quarter were the West South Central Division (+1.07%), the Mountain Division (+0.62%), the East South Central Division (+0.33%) and the South Atlantic Division (+0.03%).

Year-over-year, every Division but one posted a decline in home prices with the West South Central Division reporting the only increase of 1.24 percent, while the Pacific Division posted the largest decline of 4.78 percent.

Following the Pacific Division were the Mountain Division (-3.59%), the Middle Atlantic Division (-3.43%), the East North Central Division (-2.88%), the South Atlantic Division (-2.78%), the New England Division (-2.06%), the West North Central Division (-1.33%), and the East South Central Division (-0.76%).

The worst performing state in the fourth quarter was Nevada where home prices fell 3.95 percent while the best performing state was Arizona which saw prices rise 4.11 percent for the quarter.

Year-over-year, Alaska had the largest increase in home prices, 5.10 percent, while Nevada posted the largest decline of 12.91 percent.

Of the 25 most populated metropolitan areas in the United States, 19 of the areas posted declines in home prices in 2011 with the Chicago-Joliet-Napervile, IL area posting the largest decline of 9.77 percent while the Warren-Troy-Farmington Hills,MI area posted the largest increase of 3.47 percent as measured with the purchase-only indexes.

In the fourth quarter, 11 of the 25 metropolitan areas posted an increase in home prices with the largest increase posted in the Phoenix-Mesa-Glendale, AZ area (+7.01%) while the largest decline was posted in the Seattle-Bellevue-Everett, WA area (-3.40%).

FHFA Principal Economist Andrew Leventis stated, “While FHFA’s national index shows a 2 percentage point price decline over the latest four quarters, 12 states and the District of Columbia posted price increases. When coupled with the fact that about half of all U.S. states saw price increases in the latest quarter, this growth adds to mounting evidence that real estate markets are seeing at least some signs of life.”

Census Divisions:

Pacific: Hawaii, Alaska, Washington, Oregon, California

Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona, New Mexico

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

West South Central: Oklahoma, Arkansas, Texas, Louisiana

East North Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

East South Central: Kentucky, Tennessee, Mississippi, Alabama

New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut

Middle Atlantic: New York, New Jersey, Pennsylvania

South Atlantic: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida

Tags: FHFA, home prices, HPI, census divisions, price gains, price declines

Source:
FHFA

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS