U.S. Home Price Growth in 2Q 2016 Slows On A Monthly Basis
Today, the Federal Housing Finance Agency (FHFA) released its quarterly report on U.S. home prices for Q2 2016. Home prices rose 5.6% but each month in the quarter increased “only” 0.2% sequentially. This monthly pace represents a substantial slowdown from the first quarter where monthly gains were 0.4%, 0.5%, and 0.8%. The FHFA speculates that … Read more