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June FHFA Home-Price Index Holds Steady

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The FHFA's measure of home prices held steady in June after an unrevised 0.3% increase in the previous month, below the 0.2% gain expected in a survey compiled by Bloomberg.

Sale prices decreased in five of the nine regions and rose in the other four.

Home prices were up 2.3% from a year earlier in June.

For Q2, prices were up 0.3% from Q1 and up 2.1% from the same quarter a year ago.

The monthly home price index report from the Federal Housing Finance Agency measures single-family home prices across the US with a two-month lag, broken down by region. The FHFA reports percentage gains both from the previous month and a year earlier.

Higher home prices are inflationary and a negative for bonds. The outcome for housing-related stocks is mixed, as higher prices suggest strong demand, but prices that are accelerating too fast can also deter potential buyers.

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