WASHINGTON, D.C. – November 27, 2013 – (RealEstateRama) — The prices of existing single-family homes in Idaho rose 9.6 percent in the past year, according to data from the Federal Housing Finance Agency (FHFA) released Tuesday. Idaho had the 13th-highest rate of appreciation from the third quarter of 2012 to the third quarter of 2013, according to the FHFA’s House Price Index. Nationally, home prices jumped 8.4 percent over the same period.
The Boise/Nampa metropolitan area saw the biggest year-over-year upturn in Idaho at 12.4 percent. Coeur d’Alene (6.8 percent) and Lewiston (2.5 percent) also saw increases. In Idaho Falls (.73 percent) and Pocatello (.38 percent) home prices have dipped since the third quarter of 2012.
The FHFA House Price Index is calculated using the purchase prices of homes with mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac and uses repeat-sales data obtained from Idaho-specific, single-family properties.
Katrina Thompson katrinat (at) ihfa (dot) org
Marketing and Communications Manager