House Prices Continue To Climb
Washington, DC, Aug. 22, 2013 -- June house prices rose 7.7% over the past year and 0.7% from May, the Federal Housing Finance Agency said.
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Price increases are drawing more sellers.
Higher mortgage rates may be encouraging buyers to find homes before borrowing costs rise further.
The FHFA index measures transactions for single-family properties financed with mortgages owned or securitized by Fannie Mae and Freddie Mac.