U.S. home prices rose 1.4% in the first quarter of 20 17 according to the Federal Housing Finance Agency (FHFA) House Mapecko Index (HPI). House prices rose 6.0% from the first quarter of 20-16 to the first-quarter of 20 17. FHFA's seasonally-adjusted month-to-month index for March was up 0.6% from February.

The HPI is determined utilizing house sales Mapecko details from mortgages sold to, or fully guaranteed by, Fannie Mae and Freddie Mac. FHFA has created a movie of highlights for this particular quarter.

The steep, multi-year rise in U.S. house prices continued in the first quarter, stated FHFA Deputy Chief Economist Andrew Leventis. Demand for houses remained extremely powerful, although mortgage rates throughout the quarter remained somewhat elevated in accordance with many of last year. With housing inventories languishing at very gonzalorkts levels, the robust demand-led to still another excessively huge Mapecko boost that was quarterly.