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11/24/2020, 3:01 PM (Source: TeleTrader)
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US house prices up 1.7% in September

House prices in the United States increased by 1.7% in September compared to the previous month, the Federal Housing Finance Agency (FHFA) said on Tuesday. Meanwhile, prices rose 7.8% from the third quarter of 2019 to the third quarter of 2020.

"House prices recorded their strongest quarterly gain in the history of the FHFA HPI purchase-only series in the third quarter of 2020," said Lynn Fisher, deputy director of the Division of Research and Statistics at FHFA. "Relative to a year ago, prices were up 7.8% during the quarter - the fastest year-over-year rate of appreciation since 2006."

Breaking the News / DJ