FHFA house price index for June rises by 0.9% vs. 0.3% estimate

US FHFA house price index for June 2020

• The US FHFA has price index for June 2020 showed a gain of 0.9% vs. 0.3%.
• The prior month was revised to -0.2% from -0.3% previously reported.
• The gains for the month were led by the Pacific region up 1.3% and the East South Central region also up 1.3%. The mountain and new England region each rose by 1.2%
• the weakest region was the mid Atlantic at -0.1%
• Year on year prices are up 5.7%, led by the mountain region which has seen a 7.6% gain. The mid-Atlantic region is lagging with a 4.3% YoY gain