Highlights
Housing is back under downward price pressure. According to the FHFA, house prices in October declined 0.2 percent after gaining 0.4 percent in September (originally up 0.9 percent) and dipping 0.2 percent in August. The October decrease came in lower than analysts' forecast for a 0.3 percent rise.

On a year-on-year basis, the FHFA HPI is down 2.8 percent versus down 2.7 percent in September.

Six of the nine Census Divisions showed declines in October, led by a 1.0 percent decrease for the New England region. On the upside, the largest gain was a 1.9 percent boost for the East South Central.

Market Consensus before announcement
The FHFA purchase only house price index in September gained 0.9 percent after slipping 0.2 percent the month before. Eight of the nine Census Divisions posted gains in September, led by a 2.5 percent jump for the West North Central region. Only the East South Central region declined, down 0.2 percent. On a year-on-year basis, the FHFA HPI was down 2.2 percent versus down 4.2 percent in August.

2011 Release Schedule

Released On: 1/25 2/24 3/22 4/21 5/25 6/22 7/21 8/24 9/22 10/25 11/29 12/22 Release For: Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct