How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
House price index up
U.S. house prices rose in April, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.1 percent increase for March 2019 remained unchanged. From April 2018 to April 2019, house prices were up 5.2 percent.
For the nine census divisions, seasonally adjusted monthly house price changes from March 2019 to April 2019 ranged from -0.6 percent in the West North Central division to +1.2 percent in the Mountain division. The 12-month changes were all positive, ranging from +4.0 percent in the Middle Atlantic division to +7.8 percent in the Mountain division.
The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.