11/28/2023, 3:01 PM (Source: TeleTrader)
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FHFA: US house prices up 0.6% in September

House prices in the United States increased by 0.6% in September compared to the month prior, the Federal Housing Finance Agency (FHFA) reported on Tuesday. The figure rose 5.5% between the third quarter of 2022 and the third quarter of 2023, and 2.1% compared to the second quarter of 2023.

Among the nine census divisions, New England had the largest year-over-year increase in the third quarter at 9.2%. The Pacific division recorded the smallest four-quarter appreciation, at 2.0%.

"US house price growth continued to accelerate in the third quarter, appreciating more than in each of the previous four quarters," Principal Associate Director in FHFA's Division of Research and Statistics Anju Vajja commented. "House prices rose in the third quarter in all census divisions and are higher than one year ago, driven primarily by a low supply of homes for sale."

Baha Breaking News (BBN) / DD