When is up really down? A second monthly increase in the House Price Index; smaller than the previous month’s adjustment in the opposite direction. This leaves me scratching my head.
FHFA House Price Index Rises 0.4 Percent in May; Second Consecutive Monthly IncreaseWashington, DC – U.S. house prices rose 0.4 percent on a seasonally adjusted basis from April to May, according to the Federal Housing Finance Agency’s monthly House Price Index.
The previously reported 0.8 percent increase in April was revised to a 0.2 percent increase.