FHFA: Home Prices Rise in Q2

Home prices rose 1.6 percent in the second quarter of 2017, according to the Federal Housing Finance Agency’s (FHFA) House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages—was up 6.6 percent.
“U.S. house prices rose in most states during the second quarter,” said William Doerner, senior economist at the FHFA, in a statement. “New-home sales are climbing, but, relative to the overall populatio