House Price Index Up by 6.5% in July Year-To-Year

Home prices are growing at an annual rate of 6.5% compared to July of last year, according to a report by the Federal Housing Finance Agency.

House prices rose by 1.0% nationwide in July, according to the new Federal House Finance Agency Price Index (FHFA HPI). From July 2019 to July 2020, house prices rose by 6.5%. The previously announced 0.9% price rise in June 2020 was increased by FHFA to 1.0%.

The seasonally weighted monthly house price increases for the nine census divisions ranged from +0.6% in the West North Central division to +2.0% in the New England division, from June 2020 to July 2020. In both the mountain and the east south-central divisions the 12-month adjustments ranged from +5.4% to +7.7% for the west southern center.

Eseandre Mordi E-mail

Eseandre is a blockchain lover from Nigeria, who also likes music and protecting women's rights.