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U.S. house prices rise 0.5 percent in November

Xinhua, January 26, 2017 Adjust font size:

U.S. house prices rose 0.5 percent in November, the Federal Housing Finance Agency (FHFA) reported Wednesday.

U.S. house prices rose by 0.5 percent in November from October on a seasonally adjusted basis, according to the FHFA's House Price Index.

Compared with the same period of 2015, U.S. house prices have increased 6.1 percent, said the FHFA.

Six of the nine census divisions witnessed price increase compared with October and house prices increased in all divisions on an annual basis.

The Pacific division, including Hawaii, Alaska, Washington, Oregon and California increased the most, up 1.5 percent from October and 7.7 percent higher than the same month last year.

The FHFA measured changes in real estate values using purchases of properties with mortgages backed by Fannie Mae or Freddie Mac. It did not provide a specific price for houses.

The median price for existing home, which accounts for 90 percent of U.S. housing market, was 232,200 dollars in December, 4 percent above the level a year ago, marking the 58th consecutive month of year-on-year gains, said the National Association of Realtors on Tuesday. Endit