Home Prices Picked up the Pace in July

Posted To: MND NewsWire

Home price increases appear to have accelerated in most of the country in July as compared to June according to data released on Thursday by the Federal Home Finance Agency (FHFA). FHFA's House Price Index was up 0.5 percent on a seasonally adjusted basis from June and the previously reported June gain of 0.2 percent was upgraded to 0.3 percent. All of the nine census divisions covered by the HPI had positive monthly changes with six having larger increases in July than in June. Two, the Pacific and the East South Central divisions moved from negative to positive with significant shifts. In the latter the change, from -0.3 to +1.0 gave that division the greatest monthly gain among the nine and in the case of the Pacific region the 0.6 percent appreciation represented a 0.9 percentage point...(read more)

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from Mortgage News Daily http://ift.tt/2cYZP31