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Slowing Gains

On Tuesday, the Federal Housing Finance Agency (FHFA), published its third quarter 2018 House Price Index (HPI) report, which includes estimates for the increase in the average U.S. home value over the last four quarters. The HPI reveals an increase in U.S. house prices by 1.3 percent in the third quarter of 2018.

“Home prices continued to rise in the third quarter but their upward pace is slowing somewhat," said Dr. William Doerner, Supervisory Economist at the FHFA.“Rising mortgage rates have cooled down housing markets—several regions and over two-thirds of states are showing slower annual gains."

Watch this video to see Doerner share his insights into the housing market, mortgage rates, and other price indexes, in light of the latest report.

 

 

 

Read the full report here.

 

 

 

About Author: Donna Joseph

Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at staffwriter@thefivestar.com.
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