Pursuits
U.S. Home Prices Rose 0.7% in August From July, FHFA Says
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U.S. house prices rose 0.7 percent in August from July as buyers competed for a dwindling supply of property listings, the Federal Housing Finance Agency said.
The average estimate of 15 economists in a Bloomberg survey was for a 0.4 percent gain. Prices climbed 4.7 percent from a year earlier, according to the FHFA. The previously reported 0.2 percent increase in July was revised downward to a 0.1 percent gain. The agency posted the data on its website late yesterday, a day before its regularly scheduled release date.