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results for the customers and communities we serve.
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for your portfolio of properties. Offering a full suite of
property preservation services that include:
» Property Maintenance & Repair
» Property Inspection
» Hazard Claim Recovery
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www.ZVNPROPERTIES.com | 330.854.5890 | info@zvnproperties.com
HOUSING PRICES
HEAT UP
e housing market continued to grow,
with house prices climbing through most of
2017. According to Housing Price Index data
released by the Federal Housing Finance
Agency (FHFA), home prices across the United
States rose 0.4 percent in November 2017. e
previously reported 0.5 percent increase in
October was revised upward to 0.6 percent, the
report said.
e monthly data is calculated using home
sales price information from mortgages sold to
or guaranteed by Fannie Mae and Freddie Mac.
e report indicated that house prices increased
slightly to 6.5 percent between November 2016
to November 2017 compared to the same period
in the previous year that recorded an increase of
6.4 percent.
In terms of 12-month changes for regions,
the Mountain region, consisting of states like
Montana, Idaho, Wyoming, Nevada, Utah,
Arizona, and New Mexico, recorded the largest
price change, registering growth of 8.9 percent
compared to 7.2 percent in the previous year.
Hawaii, Alaska, Washington, Oregon, and
California, which make up the Pacific coast
states, also registered growth along similar lines,
with home prices climbing 8.6 percent, compared
to 7.7 percent in the previous year.
e Middle Atlantic region, consisting
of New York, New Jersey, and Pennsylvania,
registered the slowest growth at 4.2 percent,
showing a downward trend from its growth of
5.4 percent in the year-ago period.
e seasonally adjusted monthly price
changes from October 2017 to November 2017
ranged from -1.1 percent in the East South
Central region to +0.9 percent in the West
North Central region, according to the report.
is the year-over-
year increase in
housing units
completed in
2017, marking
the year as
one of the best
for residential
construction in a
decade.
Source: U.S. Census Bureau and U.S. Department of Hous-
ing and Urban Development January 2017 report, "Monthly
New Residential Construction, December 2017"
STAT INSIGHT
8.7%
