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FHFA House Price Index up in October
The Federal Housing Finance Agency has reported that U.S. house prices rose in October, up 0.2 percent from the previous month, according to the FHFA House Price Index (HPI). House prices rose 5.0 percent from October 2018 to October 2019. The previously reported 0.6 percent increase for September 2019 was revised upward to 0.7 percent. For the nine census divisions, seasonally adjusted monthly house price changes from September 2019 to October 2019 ranged from -0.5 percent in the East North Central division to +0.7 percent in the West South Central and East South Central divisions. The 12-month changes were all positive, ranging from +3.5 percent in the New England division to +6.7 percent in the Mountain division.