WASHINGTON, Dec. 22 (Xinhua) -- U.S. house prices rose 0.4 percent in October, the Federal Housing Finance Agency (FHFA) reported Thursday.
U.S. house prices rose by 0.4 percent in October from September on a seasonally adjusted basis according to the FHFA's House Price Index.
Compared with the same period of 2015, U.S. house prices have increased 6.2 percent, said the FHFA.
Seven of the nine census divisions witnessed price increase compared with September and house prices increased in all divisions on an annual basis. The Mountain division, including Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona and New Mexico increased the most, up 1.2 percent from September and 8.3 percent higher than the same month last year.
The FHFA measured changes in real estate values using purchases of properties with mortgages backed by Fannie Mae or Freddie Mac. It did not provide a specific price for houses.
The median price for existing home, which accounts for 90 percent of U.S. housing market was 234,900 U.S. dollars in November, 6.8 percent above the level a year ago, making the 57th consecutive month of year-over-year gains, said the National Association of Realtors (NAR) on Wednesday.
A single purchase
