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