FHFA: Home Prices Rise in Q3

U.S. home prices rose 0.6 percent in September and 1.5 percent in the third quarter, according to the Federal Housing Finance Agency’s House Price Index released today. Prices were up 6.1 percent from a year earlier, marking eight consecutive year-on-year increases of more than 5 percent. The FHFA’s monthly index is calculated using the prices of houses brought with mortgages backed by Fannie Mae and Freddie Mac.

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