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In its most recent report, the Federal Housing Finance Agency (FHFA) reported a 1.5% increase in house prices nationally in the fourth quarter of 2016, according to the FHFA House Price Index (HPI). The report also shows a 6.2% increase in a year over year comparison of the fourth quarter of 2015 and the fourth quarter of 2016.
FHFA’s House Price Index measures house price appreciation for single-family homes. The HPI is calculated based on sales price information from mortgages either sold to or guaranteed by Fannie Mae and Freddie Mac.
Nationally, in a comparison of the fourth quarter of 2015 and 2016, house prices rose in 46 states and the District of Columbia. Of those 47, Connecticut represented the slowest rate of increase, ranking 47th in house price appreciation. Connecticut saw less than 1% house price appreciation statewide between the fourth quarter of 2015 and 2016.
Click here to read the full report.