National home prices were little changed on a month-over-month basis, though the Empire State fared well. The Northwest had the strongest year-over-year gains.

As of January 2017, the Federal Housing Finance Agency U.S. House Price Index was calculated to be 242.6 on a seasonally adjusted basis.

While the index was mostly the same as it was during the final month of last year, it has moved higher by 5.7 percent compared to the first month of last year.

Source: Mortgage Daily