House prices for all transactions increased 0.6% for 2018 Q2

The Federal Housing Finance Agency (FHFA) published today the House Price Index for the second quarter of 2018. The index includes price trends for "All Transactions" and "Purchase Only". "All Trasactions" tracks the house value change during the period. "Puchase Only" tracks the house pricing at purchase. This brad measure is for single-family house prices.

For second quarter 2018 (2018 Q2), the HPI for "All Transactions" was 162.79, a 0.6% increase compared to 2017Q2 in all property values. On the other hand, the HPI for "Purchases Only" was 152.45, a 4.9% increase compared to 2017 Q2.

Purchased houses have increased their value significantly after hurricane Maria. This is mainly seen in the Metropolitan Area around tourist spots like Condado, Miramar, and Isla Verde.