Analysts missed the mark on home appreciation

Screen Shot 2015-10-22 at 10.55.12 AMBy Trey Garrison | HousingWire

Home-price appreciation slowed in August, to plus 0.3% for the Federal Housing Finance Agency’s house price index which is just below the low end of analyst expectations and down from a revised 0.5% gain in July.

Year-on-year appreciation, which had been edging up toward 6% in this report, moved down to 5.5%.

This report is now falling more in line with Case-Shiller data where appreciation has been more modest.

Continued:

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