US: House prices rose 1.1% in Q4

"U.S. house prices rose 1.1 percent in the fourth quarter of 2018," the Federal Housing Finance Agency (FHFA) said in its House Price Index (HPI) report.

Key takeaways from the press release

• House prices rose 5.7 percent from the fourth quarter of 2017 to the fourth quarter of 2018.
• FHFA’s seasonally adjusted monthly index for December was up 0.3 percent from November.
• In the fourth quarter, house price appreciation hit one of the lowest levels in the past four years.