Home prices rise less than expected
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.
FHFA
NOW WATCH: An exercise scientist reveals how to get six-pack abs
RELATED: See the most expensive areas for rent in the US:
See Also:
This 1973 war is why the Air Force thinks the A-10 can't survive in modern combat
A rare photo of one of history's wealthiest drug lords posing in front of the White House
What wearing a $6,000 Rolex for a month taught a 24-year-old about wealth and status
SEE ALSO: This is Saudi Arabia's "Achilles' heel"