5 Straight Months Of Gains, Led By Unexpected States

Posted on Aug 29, 2012

On a monthly basis, the Federal Housing Finance Agency issues its Home Price Index, a regional and national home value tracker.

In June, home values rose a seasonally-adjusted 0.7 percent from May, marking the 5th straight month that home values have climbed.

The HPI also made its biggest quarterly gain in 7 years in the three months ending June 2012.

Overall, the Home Price Index is up 3.0% as versus last year, led by rising home prices previously hard-hit states such as Arizona, Florida and Michigan.

Between June 2011 and June 2012, the 5 states in which home values rebounded most quickly were :

  1. Arizona : +12.93% in one year
  2. Idaho : +8.67% in one year
  3. Florida : +7.44% in one year
  4. Michigan : +7.25% in one year
  5. Arkansas : +7.18% in one year

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