FHFA: House prices up 1.4 percent in 1Q2017 and 6.0 percent year-on-year

U.S. house prices rose 1.4 percent in the first quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index.

House prices rose 6.0 percent from the first quarter of 2016 to the first quarter of 2017.

FHFA's seasonally adjusted monthly index for March was up 0.6 percent from February.