The Federal Housing Finance Agency reported a 0.6% decline in its House Price Index for August. This compares to -0.8% reported in July. Year -over-year, the index is down 5.9%.
The Pacific region continued to report the largest home price decline at -1.8% for the July to August period. The Mountain States and East South Central states recorded the second and third largest monthly declines at -0.8% and -0.7%.