U.S. home prices increased 0.5%, on a seasonally adjusted basis, in July compared with June and were up 5.8% compared with July 2015, according to the Federal Housing Finance Agency’s monthly home price index, which is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.
The previously reported 0.2% monthly increase in June was upwardly revised to 0.3%.
For the nine census divisions, seasonally adjusted monthly price changes ranged from 0.2% in the Middle Atlantic division to 1.0% in the East South Central division.
Year over year price changes were also positive, ranging from 2.6% in the Middle Atlantic division to 7.7% in the Pacific division.
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