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Home Prices Fall 0.2% Over October: FHFA

The ""Federal Housing Finance Agency"":http://www.fhfa.gov/ (FHFA) released a house price index Thursday that tracked a 0.2-percent shortfall in prices on a seasonally adjusted basis from September to October.


The FHFA releases home price indices each month to denote figures for home prices from across the country.


September's 0.9-percent upswing entered a downward revision that saw home prices fall 2.8 percent, with the U.S. index 19.2 percent below a peak seen in April 2007.

Census divisions from the report included regions from across the country, which by and large saw marginal downward revisions from September to October.

The Pacific underwent a 0.1-percent dearth in home prices, for example, while the Mountain region surged in a southerly direction by 0.7 percent.

West North Central saw gains by 0.1 percent, roughly compared with gains by 0.2 percent for West South Central.

East North Central bore witness to a 0.5-percent decline while East South Central reported 2 percent in gains.

New England went down by 0.1 percent, while the Middle and South Atlantic regions both reported 0.6-percent declines in home prices.

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.

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