Federal House Price Index up 0.3 percent nationwide, 1.6 percent in West  


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05/06/2018 7:53 am  
U.S. home prices in July rose 0.3 percent on a seasonally adjusted basis compared with June, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index released yesterday. For the 12 months ending in July, U.S. home prices declined 4.2 percent. The index is 10.5 percent below its April 2007 peak.

The FHFA monthly index is calculated using purchase prices of houses with mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. For the nine U.S. Census Divisions, seasonally adjusted monthly price changes from June to July ranged from a 0.9 percent decline in the East South Central Division to a 1.6 percent gain in the Pacific Division, which includes Hawaii, Alaska, Washington, Oregon, and California.

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