Price Gains Pull Back on FHFA Index

Posted To: MND NewsWire

The pace of home price increases, at least for purchases financed by Fannie Mae and Freddie Mac, slowed in April, falling below even the most modest of analysts' projections. The Federal Housing Finance Agency (FHFA) reports that prices rose 0.2 percent on a seasonally adjusted basis from the previous month. In March the increase was 0.8 percent, revised upward today from an originally reported 0.7 percent. Analysts survey by Econoday had anticipated a month-over-month increase for April of 0.6 percent. The range of estimates was 0.5 to 0.8. On an annual basis the index appreciated 5.9 percent , down from an annual gain of 6.1 percent in March. Since October 2015, the national house price index level has surpassed the prior peak level from March 2007. For the nine census divisions, seasonally...(read more)

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