Home prices rebounded in November with values falling in only one of the nine regions tracked by the Federal Housing Finance Agency.
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The GSE regulator reported Wednesday morning that prices rose 1% in November after falling 0.7% in October.
Overall, prices are down only 1.8% from a year ago, according to the FHFA HPI, which is based solely on Fannie Mae and Freddie Mac purchase mortgage transactions.
Prices fell 0.2% in the Middle Atlantic region. The West South Central region registered the highest increase from October to November with a 2.1% gain.
The West South Central region encompasses Oklahoma, Arkansas, Texas and Louisiana. The Middle Atlantic region includes New York, New Jersey and Pennsylvania.
