Posted To: MND NewsWire
Prices increased by 0.2 percent from April to May on a seasonally adjusted basis according to figures released today by the Federal Housing Finance Agency (FHFA). Its House Price Index (HPI) reflects prices of homes purchased with mortgages backed by Fannie Mae and Freddie Mac. A 0.2 percent gain had been reported in April as well, but FHFA's report on Thursday revised that up to 0.3 percent. The national HPI, which was benchmarked to 100 in January 1991 was 216.8 in May, down from 217.2 the previous month. On a year-over-year basis house prices were up by 5.6 percent . The annual gain in April was 5.9 percent. The monthly HPI declined in four of the nine census divisions. Th e largest drop , 1.3 percent, was in the New England division. Substantially smaller decreases were posted in the Pacific...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/29Xw9kR
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