U.S. house prices rose in October, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).
House prices rose five percent from October 2018 to October 2019. The
previously reported 0.6 percent increase for September 2019 was revised
upward to 0.7 percent.
For the nine census divisions, seasonally adjusted monthly house price changes from September 2019 to October 2019
ranged from -0.5 percent in the East North Central division to +0.7
percent in the West South Central and East South Central divisions. The
12-month changes were all positive, ranging from +3.5 percent in the New
England division to +6.7 percent in the Mountain division.
The FHFA’s house price indexes (HPIs) measures changes in
single-family house prices based on data that covers all 50 states and
more than 400 American cities and extends back to the mid-1970s. The
HPIs are built on tens of millions of home sales and offer insights
about house price fluctuations at the national, census division, state,
metro area, county, ZIP code, and census tract levels.
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