Wednesday, October 21, 2009
FHFA Prices: Will they be revised down?
Tomorrow morning at 10 am est, the FHFA will announce their monthly house price index for August. As I reported earlier, their headline growth rate has been biased up by 0.22% on average. Last month, the FHFA reported that house prices increased 0.3% from June to July. If the bias holds true, then we can expect that the August report will include a revision to the July growth, revising the growth down from 0.3% to something between 0.0% and and 0.1%. I'll report back tomorrow with their release.