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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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