All census divisions recorded positive changes in house prices over the past 12 months
House prices increased 0.7% in August from the previous month, according to the seasonally adjusted monthly House Price Index released by the Federal Housing Finance Agency.
Read more: More and more believe renting is cheaper than homeownership – report
FHFA revised the July increase to 0.4% from the previously reported 0.2% increase. Meanwhile, house prices went up 6.6% on a year-over-year basis.
Seasonally adjusted monthly price changes from July to August across the nine census division ranged from -0.1% in the New England division to 1.4% in the Pacific division. Changes over the past 12 months were all positive across the regions. Increases ranged from 5% recorded in the Middle Atlantic division, to 9.3% in the Pacific division.
Read next: Here's why homeowners borrow more when values rise
The FHFA calculates the monthly index using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.
