FHFA Home Price Index Slows

Posted To: MND NewsWire

Price increases moderated slightly in October according to the Federal Housing Finance Agency’s (FHFA’s) Housing Price Index (HPI). The national index, which had recorded a 0.6 percent monthly gain in September, was up another 0.4 percent in the current reading. The price report was slightly lower than analysts were expecting. Those polled by Econoday were looking for an increase of 0.5 to 0.6 percent with a consensus around the lower number. The HPI increased by 6.0 percent from October 2015 . This also was a slight easing of the year-over-year pace reported for September of 6.1 percent. FHFA constructs its index from loans sold to or guaranteed by the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The nine census regions posted monthly changes ranging from an 0.6 percent…(read more)

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FHFA Home Price Index Slows
FHFA Home Price Index Slows

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