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February Home Prices Stay Their Course, Increase 5.7% Annually
Wednesday, April 22, 2020
House price growth continued to accelerate through
February on the Federal Housing Finance Agency's (FHFA's) Housing Price Index
with the U.S. index posting a monthly gain of 0.7 percent in February. The
January increase was originally reported as 0.3 percent, a sharp decline compared
to the previous months, but that estimate has now been revised to 0.5 percent. The annual increase in February was 5.7 percent. The
year-over-year appreciation in January was 5.3 percent. All changes from January in the nine census divisions were positive, ranging
from 0.3 percent in the West South Central division to 1.2 percent in the
Middle Atlantic division. The year-over-year changes were positive as
well and ranged from 4.2 percent in the West South Central division to 8.1
percent in the Mountain division.
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