US: House prices rose 0.3% in August to match expectations

"U.S. house prices rose in August, up 0.3 percent from the previous month," the Federal Housing Finance Agency (FHFA) reported on Monday. This reading came in line with analysts' estimate.

Key takeaways from the press release

• The previously reported 0.2 percent increase in July was revised upward to 0.4 percent. 
• From August 2017 to August 2018, house prices were up 6.1 percent. 
• For the nine census divisions, seasonally adjusted monthly price changes from July 2018 to August 2018 ranged from -0.7 percent in the Middle Atlantic division to +0.8 percent in the Pacific division.