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First Cut: FHFH House Price Index up modestly in January

The FHFA House Price Index for January was up 0.3% compared to the prior month and up 5.2% compared to January 2019. Prices for repeat sales and refinancings continued their modest pace of increases. Hoever, even with scanty supplies of homes on the market and low mortgage rates, upward price pressure was limited.

 

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