9/26, 3:00 PM (Source: TeleTrader)
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FHFA: US house prices up 0.8% in July

House prices in the United States were 0.8% higher in July compared to the month prior, the Federal Housing Finance Agency (FHFA) reported on Tuesday.

On a yearly basis, house prices rose by 4.6%. Among the nine census divisions, the monthly house price increases were the highest in the Middle Atlantic and South Atlantic divisions at 1.4% and the lowest, 0.1%, in the East South Central division.

"U.S. house prices continued to appreciate in July, consistent with the trend observed over the last several months. Regionally, all nine census divisions posted positive price appreciation over the last 12 months, although the Pacific and Mountain divisions experienced only modest growth," FHFA's Division of Research and Statistics Supervisory Economist Nataliya Polkovnichenko noted in the report.

Baha Breaking News (BBN) / MS