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MARKETS LIVE BLOG:

S&P 500 HOLDS NEAR RECORD WITH BANK EARNINGS IN FOCUS

Boeing edges up as company moves to issue new shares and raise up to US$25 billion

FHFA home prices rise as expected

Akin Oyedele

The Federal Housing Finance Agency's house price index came in at 0.5% for January, matching expectations.

That was also the print for December, just revised upwards from 0.4%.

Year-on-year, house prices rose 6%.

Several other indicators have shown that home prices continue to rise amid shrinking inventories and rising demand. The FHFA noted that prices across all nine census divisions were higher year-over-year.

Screen Shot 2016 03 22 at 9.04.30 AM
Screen Shot 2016 03 22 at 9.04.30 AM

(FHFA)

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