Posted To: MND NewsWire

House price growth continued to accelerate through February on the Federal Housing Finance Agency’s (FHFA’s) Housing Price Index with the U.S. index posting a monthly gain of 0.7 percent in February. The January increase was originally reported as 0.3 percent, a sharp decline compared to the previous months, but that estimate has now been revised to 0.5 percent The annual increase in February was 5.7 percent. The year-over-year appreciation in January was 5.3 percent. All changes from January in the nine census divisions were positive, ranging from 0.3 percent in the West South Central division to 1.2 percent in the Middle Atlantic division. The year-over-year changes were positive as well and ranged from 4.2 percent in the West South Central division to 8.1 percent in the Mountain division…(read more)

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Source: Mortgage News Daily