Homes are seen for sale in the northwest area of Portland, Oregon, in this file photo taken March 20, 2014. (Photo: Reuters)
The Federal Housing Finance Agency (FHFA) said the House Price Index (HPI) posted a 0.2% increase in U.S. house prices in July from the previous month. Still, from July 2016 to July 2017, house prices in the U.S. were up 6.3%.
For the 9 census divisions, seasonally adjusted monthly price changes from June 2017 to July 2017 ranged from -0.5% in the West North Central and Pacific divisions to +0.6% in the East North Central division. But the 12-month changes were all positive, ranging from +4.2% in the West North Central division to +8.2% in the Mountain and Pacific divisions.
The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.
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