Potentially Significant Shift in Home Price Trends -FHFA


Posted To: MND NewsWire

Prices of homes financed by Fannie Mae or Freddie Mac increased by 0.2 percent from May to June the Federal Housing Finance Agency (FHFA) said today. The year over year change was a positive 5.6 percent . Both June numbers were unchanged from the monthly and yearly increases posted in May but the pace of appreciation has slowed from the year-to-date high of 0.7 percent and 6.1 percent reported for March. Home prices at the end of the second quarter, were 1.2 percent higher than at the end of the first quarter. FHFA said the 5.6 percent increase from the end of Q2 in 2015 was slightly higher, 5.7 percent, when adjusted for inflation as prices for other goods and services were virtually unchanged over that 12-month period. “Although the appreciation rate for the second quarter was of similar…(read more)

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