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Home Prices Rose More Than Expected in July -FHFA
Tuesday, September 22, 2015
Home prices made an unexpected surge in July the Federal
Housing Finance Agency said today. The month-over-month change was +0.6 percent
while, according to Econoday, analysts
had been looking for an increase of 0.4 percent. It was the largest month-over-month change in
the index since January's 0.7 percent rise.
The increase from May to June had been a mere 0.2 percent.
On an annual basis the HPI was up 5.8 percent and is now 1.1
percent below its March 2007 peak. The
year-over-year change was the largest since April 2014. The index itself stands at 224.5, roughly the
same as in November 2006.
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