Home prices increased in the second quarter, but moved only slightly from May to June, according to the House Price Index from the Federal Housing Finance Agency.
The HPI increased 1.7% from the first quarter to the second quarter of 2017, and increased 6.6% from the second quarter last year. However, the seasonally adjusted month index increased only 0.1% from May to June.
The chart below shows the continually increasing home prices which showed a slowdown over the past couple of months.
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