FHFA: Current Run of Rising Home Prices Likely to Continue

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Posted To: MND NewsWire

Both the Federal Housing Finance Agency (FHFA) and the S&P CoreLogic Case-Shiller reported on February home prices on Tuesday and both showed little moderation in the rate of appreciation. Case-Shiller’s reported gains, in fact, appear to be growing larger. Case-Shiller’s National Home Price NSA Index, covering all nine U.S. census divisions, was up 6.3 percent on a year-over-year basis. The annual gain in January was 6.1 percent. The non-seasonally adjusted index increased by 0.4 percent from February and it rose 0.5 percent after adjustment. Both composite indices increased their year-over-year results as well . The 10-City Composite rose 6.5 percent on an annual basis, one-half point greater than the December to January gain and the 20-City grew to 6.8 percent. It was 6.4 percent the…(read more)

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