FHFA Shows Further Slowdown in Home Prices for May

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Posted To: MND NewsWire

The Federal Housing Finance Agency’s (FHFA’s) House Price Index (HPI) fell in line with most other indices in May, showing a slowdown in housing price appreciation. The agency said home prices gained 0.1 percent compared to April and was 5.0 percent higher than in May 2018. While the FHFA numbers have been trending lower they have not done so in a consistent manner and its annual figure remains significantly higher than the appreciation shown by other major data providers which have drifted down into the mid-3 percent range. Both of the May figures are reversals of April’s gains of 0.4 percent for the month and 5.2 percent on an annual basis. For the nine census divisions, seasonally adjusted monthly house price changes from April 2019 to May 2019 ranged from a 1.0 percent loss in the East…(read more)

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