FHFA Releases 1st Quarter 2015 Home Price Index
The FHFA released the 1st Quarter Home Price Index for 2015. Looking at the breakdown regionally, year-over-year, prices are up across the country. We always like to give you the regional outlook so you can compare different areas of the country.
Breaking down prices by state, with the exception of West Virginia, Washington D.C. & Maryland, the entire country is experiencing higher prices than the 1st quarter of 2014.
If you have a client who is relocating to another state, it is important to show them the different rates at which home prices are appreciating to show them how waiting to buy could significantly impact the price they pay for their next home.