“U.S. house prices rose 1.3 percent in the third quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI),” the FHFA reported on Tuuesday.
Key quotes
- House prices rose 6.3 percent from the third quarter of 2017 to the third quarter of 2018.
- FHFA’s seasonally adjusted monthly index for September was up 0.2 percent from August.
- “Home prices continued to rise in the third quarter but their upward pace is slowing somewhat,” said Dr. William Doerner, Supervisory Economist.
- “Rising mortgage rates have cooled down housing markets””several regions and over two-thirds of states are showing slower annual gains.
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