After five years of near-constant growth, home prices were unchanged in January from the previous month.
HousingWire reports that, according to the Federal Housing Finance Agency, home prices in January were still up 5.7 percent compared to the year before. The data counts homes purchased with mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac, and does not include high-end homes.
For the nine census divisions, the price fluctuation in January ranged from a drop of 2% monthly in the East South Central division to an increase of 0.6% in the Pacific division. Annually, however, all changes were positive from an increase of 3.5% in the East South Central division to an increase of 8.3% in the Mountain division.