US house prices rise with lower rates

Washington, Aug 26 (IANS) US house prices remained on an upward track in the second quarter of 2015, the Federal Housing Finance Agency (FHFA) reported.

House prices increased 1.2 percent in the second quarter, the 16th consecutive quarterly price rise, lower than the 1.45 percent increase in the first quarter, Xinhua cited the FHFA’s House Price Index.

The FHFA’s House Price Index said US house prices rose 0.2 percent in June from the revised level of May, the lowest growth rate this year.

“Although too early to tell whether it is a sign of a slowdown, the monthly appreciation rate in June was more modest than we have seen in a while,” said FHFA principal economist Andrew Leventis.

The FHFA data said the house price appreciation in the second quarter still far exceeded the pace of overall inflation. Compared with last year, house prices rose 5.4 percent from the second quarter of 2014.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here