A view of a house for sale is seen in Los Angeles on February 24, 2010. (Photo: Reuters)
The Federal Housing Finance Agency (FHFA) said the House Price Index (HPI) rose 0.7% in August, easily beating the 0.4% median forecast. The previously reported 0.2% increase in July was revised upward to 0.4%.
For the nine census divisions, seasonally adjusted monthly price changes from July 2017 to August 2017 ranged from -0.1% in the New England division to +1.4% in the Pacific division. The 12-month changes were all positive, ranging from +5.0% in the Middle Atlantic division to +9.3% in the Pacific division.
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