TeleTrade - Analytics

TeleTrade

719.00 6.50/10
57% of positive reviews
Real

25.08.2015 14:04 U.S. house price index rise 0.2% in June

The Federal Housing Finance Agency (FHFA) released its monthly house price index for the U.S. on Tuesday. The U.S. house price index rose 0.2% on a seasonally adjusted basis in June, missing expectations for a 0.4% increase, after a 0.5% gain in May. May's figure was revised up from 0.4% rise.

 

 

The house price index climbed 1.2% in the second quarter.

 

 

"Home price growth in the second quarter once again far exceeded the pace of overall inflation, even as mortgage rates drifted upwards. Although too early to tell whether it's a sign of a slowdown, the monthly appreciation rate in June was more modest than we have seen in a while," FHFA Principal Economist Andrew Leventis said.



To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree