FHFA House Price Index Higher in September

Washington, DC, Nov. 27, 2012 -- The FHFA house price index rose 0.2% month-over-month in September.

That was lower than expectations for a 0.4% rise.

Home prices were up 1.1% in the third quarter, from the second quarter.

FHFA Economist Andrew Leventis, in a press release, said “a number of factors continue to affect the recovery in home prices such as stagnant income growth, high unemployment levels, lingering uncertainty about the macroeconomy, and the large number of homes in the foreclosure pipeline.”

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