U.S. house prices rose 5.6 percent in the 12 months through October as the housing market recovers, the Federal Housing Finance Agency said.
The FHFA data, which is based on sales of single-family houses with a mortgage backed by Fannie Mae or Freddie Mac, doesn’t provide a specific price. The median price of an existing single-family home was $178,600 in October, up 11 percent from a year earlier and 0.2 percent higher than September, the National Association of Realtors said on Nov. 20.
U.S. home values gained 6 percent this year to an estimated $23.7 trillion, according to an analysis released today by Seattle-based Zillow Inc.
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