FHFA home prices rise as expected

The Federal Housing Finance Agency’s house price index came in at 0.5% for January, matching expectations.

That was also the print for December, just revised upwards from 0.4%.

Year-on-year, house prices rose 6%.

Several other indicators have shown that home prices continue to rise amid shrinking inventories and rising demand. The FHFA noted that prices across all nine census divisions were higher year-over-year.

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