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Friday, July 19, 2024
HomeNewsEconomyFHFA House Price Index (HPI) Gained 0.2% in June; 4.8% from Last Year

FHFA House Price Index (HPI) Gained 0.2% in June; 4.8% from Last Year

Real Estate Market Going Up Concept Illustration. (Photo: AdobeStock)

The FHFA House Price Index (HPI) gained 0.2% in June (Q2) of 2019 and 4.8% year-over-year, slightly below the consensus forecasts. The initial levels for May and the year-over-year of 0.1% and 5.0%, respectively, were both revised up by 0.1%.

The forecasts ranged from a low of 0.2% to a high of 0.4%, with the consensus coming in at 0.3%.

Like the S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) released earlier this morning, the FHFA House Price Index (HPI) shows a slower rate of growth for prices and signals a potential leveling off.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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