© Reuters. FILE PHOTO: A “For Sale” indication is published outside a domestic home in the Queen Anne area of Seattle, Washington, U.S. May 14,2021 REUTERS/Karen Ducey/File Photo
By Amina Niasse
NEW YORK (Reuters) -Annual home costs in October increased onceagain, pointing towards continued healing of the realestate market, information on Tuesday revealed.
A Federal Housing Finance Agency (FHFA) report revealed home rates grew 6.3% on a annual basis, up from a modified 6.2% the month prior.
Annual cost development started to speedup in June after decreasing gradually giventhat February2022 Prices increased reasonably by 0.3% on a month-to-month basis after climbingup by 0.7% the month inthepast.
Rates on the most typical home loan neared 8% in October, reaching a two-decade high on the back of the Federal Reserve’s rate walking cycle.
The Fed left its policy criteria intere