Recent History Of This Indicator:
FHFA house price index has been rising at solid 0.5 percent to 0.6 percent clips since October and another 0.5 percent gain is expected for March. The year-on-year rate, however, has not been keeping pace, moving slowly off the 6.0 percent line to 5.6 percent in the February report. Strength in home appreciation is of special importance in a low inflation, low wage-growth economy.
FHFA house price index has been rising at solid 0.5 percent to 0.6 percent clips since October and another 0.5 percent gain is expected for March. The year-on-year rate, however, has not been keeping pace, moving slowly off the 6.0 percent line to 5.6 percent in the February report. Strength in home appreciation is of special importance in a low inflation, low wage-growth economy.
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