FHFA House Price Index
The FHFA (Federal Housing Finance Agency) House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts, showed that homes appreciated 5.2% year over year. This was a nice jump from the 4.9% gain in the previous report. It makes sense that this figure is stronger than Case-Shiller because while there can be a one-million-dollar home with a conforming loan amount, for the most part, this report specifically represents more of the lower priced homes. And those homes are in higher demand and are appreciating at an even higher level.