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- U.S. house prices rose in line with expectations
U.S. house prices rose in line with expectations
U.S. house prices rose in October, up 0.4 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.6 percent increase in September remained unchanged.
The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From October 2015 to October 2016, house prices were up 6.2 percent.
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