- Real house prices increased 1.0 percent between August 2016 and September 2016
- Compared to September 2016, real house prices decreased by -2.0 percent.
- Unadjusted house prices are expected to increase by 5.3 percent in September on a year-over-year basis.
- Real house prices are 40.4 percent below their housing-boom peak in July 2006 and 19.9 percent below the level of prices in January 2000.
- Unadjusted, the national price level is 0.9 percent away from the housing-boom peak in 2007.
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the September 2016 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time and across the United States at national, state and metropolitan area levels. Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability. September 2016 Real House Price Index