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Annual Home Price Gains Up 5.2% in January
Wednesday, March 25, 2020
The pace of annual price increases ticked slightly higher in January according
to Federal Housing Finance Agency (FHFA) House Price Index (HPI). The index,
which had marked a 5.1 percent year-over-year gain, in December, rose by 5.2
percent in January. The monthly increase was down significantly, however. While the original
December increase of 0.6 percent was revised to 0.7 percent, the December to January
appreciation was only 0.3 percent. Compared to December, prices declined in two of the nine census divisions.
Prices ticked down 0.2 percent in the Mountain division and 0.1 percent in the
West North Central. The highest increase, 0.7 percent, was in the South
Atlantic followed by the Pacific division at 0.5 percent.
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