The FHFA House Price Index grew 0.4% MoM in October after seasonal adjustment, slower than the 0.5% MoM increase expected. House prices were up 4.5% YoY, unchanged from the 4.5% YoY in September.

The regions with the fastest price growth were West South Central and East North Central at 1.0% MoM and 0.9% MoM. The Pacific, Mountain, and West North Central regions all saw slight declines. In terms of annual price growth, the strongest expansions are still evident in the Middle Atlantic (+7.0% YoY) and East North Central (+5.6% YoY) regions.