Prices of houses in the U.S. rose again in October.
The Federal Housing Finance Agency (FHFA) House Price Index (HPI) advanced 0.4% following September's gain of 0.6%. Year-over-year, the HPI was up 6.2%
For the nine census divisions, seasonally adjusted monthly price changes from September to October ranged from -0.6% in the East South Central division to +1.2% in the Mountain division.
The 12-month changes were all positive -- ranging from +3.6% in the Middle Atlantic division to +8.3% in the Mountain division.
The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.
The complete report is available on the FHFA website.
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