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First Cut: FHFA House Price Index barely budges in March

The FHFA House Price Index for March is behind most of the other housing data, but it did suggest that prices for repeat sales and refinancings were plateauing in March with a bare up 0.1% from February. Compared to a year earlier, prices were up 5.9%, a solid increase that nonetheless pointed to a loss of momentum after the 6.1% year-over-year rise for February.

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