House prices increase in August

by Francis Monfort27 Oct 2017
House prices increased 0.7% in August from the previous month, according to the seasonally adjusted monthly House Price Index released by the Federal Housing Finance Agency.

FHFA revised the July increase to 0.4% from the previously reported 0.2% increase. Meanwhile, house prices went up 6.6% on a year-over-year basis.

Seasonally adjusted monthly price changes from July to August across the nine census division ranged from -0.1% in the New England division to 1.4% in the Pacific division. Changes over the past 12 months were all positive across the regions. Increases ranged from 5% recorded in the Middle Atlantic division, to 9.3% in the Pacific division.

The FHFA calculates the monthly index using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

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