FHFA Home Price Index Records 0.7% Increase in October

Home prices in the United States bounced back slightly during the month of October, according to data released by the Federal Housing Finance Agency (FHFA) Wednesday.

FHFA’s house price index is calculated using purchase prices of homes backing mortgages that have been sold to or guaranteed by Fannie Mae and Freddie Mac. It showed that residential property values rose 0.7 percent on a seasonally adjusted basis from September to October.

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