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FHFA Home Prices Beat Expectations

FHFA Home Prices Beat Expectations
Stock Market1 min read

The FHFA home price index for July is out at 9 a.m. ET.

Economists polled by Bloomberg are looking for home prices to rise 0.8% month-over-month. This compares with a 0.7% rise the previous month.

Economists have for some time expected home prices to cool in the second half of the year. Paul Diggle at Capital Economics also expects new home prices to slow more than existing home prices.

The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac.

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