The Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI) finds U.S. house prices rose a solid seasonally adjusted 0.4% in November, slightly beating the forecast.
Economic forecasts ranged from 0.2% to 0.4%
On top of the solid gain for the month, the previously reported 0.3% increase in October was revised to reflect a 0.4% increase.
The FHFA monthly HPI is measured using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.
From November 2017 to November 2018, house prices were up 5.8%.
For the nine census divisions, seasonally adjusted monthly price changes from October 2018 to November 2018 ranged from -0.8% in the Pacific division to +1.1% in the South Atlantic division.
The 12-month changes were all positive, ranging from +4.5% in the West South Central division to +7.4% in the Mountain division.
