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Home Price Gains Outstripping Inflation

Tuesday, August 25, 2015

Two major indicators of home price trends released today showed continued appreciation although larger gains were reported by the S&P/Case-Shiller Home Price Indices than by the Federal Housing Finance Agencies Housing Price Index, both of which use the acronym HPI.   The Case-Shiller HPI report covered June 2015 while FHFA released data for both June and for the second quarter of 2015.

Case Shiller's U.S. National HPI which covers all nine U.S. census divisions showed home prices gaining 4.5 percent in June 2015 compared to June 2014.  This was a slightly larger year-over-year gain than reported in May when annual prices were up 4.4 percent.

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