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Home prices rise in line with expectations

Akin Oyedele

Home prices rose as expected in May.

The latest report from the Federal Housing Finance Agency showed that prices rose 0.4% month-over-month.

Economists had estimated a rise of 0.4% month-over-month, following a 0.3% rise in the previous period, according to Bloomberg.

Existing home sales numbers are also expected this morning.

Here's the latest chart of home prices from FHFA:


Screen Shot 2015 07 22 at 9.02.50 AM

(FHFA)

More to come ...



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