Posted To: MND NewsWire
The annual rate of home price increases continued at a stable rate in November according to the Federal Housing Finance Agency (FHFA), however there are indications of some acceleration on a shorter-term basis. The FHFA’s Housing Price Index (HPI) rose 4.9 percent compared to November of 2018. The annual increase in October was 5.0 percent. On a monthly basis prices rose 0.2 percent from October; however, the 0.2 percent increase originally reported for that month was boosted to 0.4 percent. It was the second month in a row that FHFA has revised the prior month’s number higher. For the nine census divisions, seasonally adjusted monthly house price changes from October 2019 to November 2019 ranged from an 0.1 percent decrease in the Mountain division to an 0.8 percent gain in the East North…(read more)
Source: Mortgage News Daily
