A pair of housing price indicators seems to show that the housing market in the U.S. might have hit bottom and be ready to rebound, but analysts are unclear if that is what they mean.
First, the Federal Home Finance Agency, the regulator and de-facto manager of both Fannie Mae and Freddie Mac, reported that by its records, housing prices increased 0.8% in May, following a 0.7% in April.
This means that the year-over-year rate is up 3.7%, compared to an increase of 3.0% year-over-year increase in April. The FHFA tracks single-family homes using data from its regulated organizations based on conforming conventional mortgages purchased by those agencies.
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