The recent release by the FHFA shows that its US House Price Index – Purchase Only, rose by 5.1 per cent on a 12-month seasonally adjusted basis in January 2015. This marks the 36th consecutive month of year-over-year growth. Over this nearly three-year period, house prices have risen by 20.1 per cent.
Elsewhere, on a national basis, single-family house prices appreciated 4.5 per cent year-over-year in January 2015, compared to 4.6 per cent year-over-year in December 2014, according to the latest S&P/Case-Shiller National Home Price Index, released Tuesday. Late 2013 and early 2014 witnessed several months of of double-digit annual price increases, but price appreciation has now been generally slowing for about a year.
