Home prices rise less than expected

Elena Holodny
The Rise, the Fall, and the Trend of U.S. Housing
The Rise, the Fall, and the Trend of U.S. Housing

Home prices rose 0.2% month-over-month in May, less than expected, according to the Federal Housing Finance Agency.

Economists were expecting home prices to rise by 0.4%, according to the Bloomberg consensus.

The 0.2% uptick in April was revised up to 0.3%.

The FHFA added that seasonally adjusted monthly price changes from April 2016 to May 2016 ranged from+1.2% in the Mountain division to -1.3% in the New England division.

Screen Shot 2016 07 21 at 9.04.01 AM
Screen Shot 2016 07 21 at 9.04.01 AM

FHFA

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