The FHFA house price index edged only 0.2 percent higher in September
for the weakest showing since March this year and missing Econoday's consensus by 1 tenth. The year-on-year rate, at 6.0, slipped 3 tenths
from August for the softest showing since January last year.
The
Mountain region is the leader in this report which tracks census
regions, up 1.3 percent in the month for year-on-year appreciation of
9.5 percent. The Pacific region had been near the top but is fading,
down a monthly 1.1 percent for only 5.5 percent year-on-year price
growth. The softest region continues to be the Middle Atlantic, at 4.1
percent on the year and a 0.4 percent monthly rise.
Growth in
home prices has been slowing visibly this year for a housing sector,
where demand is flat and mortgage rates going up, that is the big
disappointment of the 2018 economy.
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