November Home Prices Climbed at Highest Rate in Six Years Jan 26 2021, 10:12AM
The annual increases in U.S. home prices
is nearing dizzying levels. The November data from the Federal Housing Finance
Agency (FHFA)
crossed into double digits for the second consecutive month while
the months numbers from S&P CoreLogic Case-Shiller U.S. National Home Price
NSA Index came close.
The Case-Shiller index,
which covers all nine U.S. census
divisions,
gained 9.5 percent compared to the previous November. The annual increase
in October was 8.4 percent. On a seasonally
adjusted monthly basis the National Index rose 1.4 percent and was 1.1 percent
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Home Price Index Continues to Grow at Record Pace Dec 23 2020, 9:36AM
The rate of home price increases accelerated again in
October from their already heightened pace. The Federal Housing Finance Agency (FHFA)
said its House Price Index (HPI) rose 1.5 percent compared to September. This
was down slightly from a 1.7 percent increase from August to September, however
the annual increase jumped more than a point, from 9.1 percent in September to
10.2 percent. U.S. house prices rose for the fifth straight month since states re-opened
their local economies, said Dr. Lynn Fisher, FHFA s Deputy Director of
the Division of Research and Statistics. The 12-month gain of 10.2 percent in
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