FHFA: U.S. Home Prices Inched Up In November

U.S. home prices rose in November – up 0.5% on a seasonally adjusted basis from the previous month and up 6.1% compared with November 2015, according to the Federal Housing Finance Agency’s (FHFA) monthly home price index, which is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

The FHFA notes that the previously reported 0.4% increase in October was revised downward to a 0.3% increase.

Looking at the nine census divisions tracked, seasonally adjusted monthly price changes from October 2016 to November 2016 ranged from -0.2% in the South Atlantic division to +1.5% in the Pacific division.

The 12-month changes were all positive, ranging from +4.7% in the Middle Atlantic division to +7.7% in the Pacific division.


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