Prices for homes were on the rise again in January.
The Federal Housing Finance Agency (FHFA) reports its monthly House Price Index (HPI) was up a seasonally adjusted 0.5% from the month before.
At the same time, the FHFA revised its December figures to show a gain of 0.5% instead of the 0.4% advance it reported initially.
Earlier this month, CoreLogic reported a month-over-month price gain of 1.3%
For the nine census divisions, seasonally adjusted monthly price changes from December 2015 to January 2016 ranged from -1.0% in the Middle Atlantic division to +1.7% in the South Atlantic division.
The 12-month changes were all positive, ranging from +1.7% in the Middle Atlantic division to +8.9% in the South Atlantic 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 year over year increase in January was 6.0%.
The full report may be found on the FHFA website.
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