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Istanbul
ISTANBUL
US house prices rose 0.4% on a monthly basis in August, the Federal Housing Finance Agency (FHFA) said Tuesday.
The figure followed an upwardly revised no change in the house prices (0%) in July, while it defied market expectations of a 0.1% decline for August.
Among the nine regions for which the index is calculated, monthly home price changes ranged from minus 0.8% in the Pacific division to +1.2% in the Middle Atlantic division.
On a yearly basis, house prices rose 2.3% in August, following an upwardly revised 2.4% increase in July.
Among the nine divisions, the 12-month changes ranged from minus 0.6% in the Pacific division to +6.3% in the Middle Atlantic division.
