REUTERS/Octavio Jones Acquire Licensing RightsNEW YORK, Aug 29 (Reuters) - U.S. housing prices showed further signs of stabilizing in June, according to two reports out Tuesday that signaled the lengthy run of softening sales prices may be bottoming out.
Both reports showed prices rose modestly month-over-month.
House prices rose 3.0% between the second quarters of 2022 and 2023, FHFA said.
FHFA's data showed June’s year-over-year gains were strongest in the East North Central and New England regions, up by 5.4% and 6.8%, respectively.
On a city basis, the Case-Shiller data showed Chicago and Cleveland experiencing the greatest price accelerations.
Persons:
Octavio Jones, FHFA, ”, Anju Vajja, ” Craig Lazzara, DJI, Amina Niasse, Safiyah Riddle, Andrea Ricci, Leslie Adler
Organizations:
REUTERS, Federal Housing Finance Agency, Federal Reserve, FHFA’s Division of Research, Statistics, East North, Thomson
Locations:
Tampa , Florida, U.S, “ U.S, East North Central, New England, Chicago, Cleveland