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FHFA house price index ticks up 06% in November
WASHINGTON (1/24/13)--U.S. house prices rose 0.6% on a seasonally adjusted basis from October to November, according to the Federal Housing Finance Agency's monthly House Price Index.

The previously reported 0.5% increase in October was revised upward to a 0.6% increase. For the 12 months ending in November, U.S. prices went up 5.6%. The U.S. index is 15.2% below its April 2007 peak and is roughly the same as the August 2004 index level. National home prices have not declined on a monthly basis since January 2012.

For the nine census divisions, seasonally adjusted monthly price changes from October to November ranged from a decline of 1% in the East North Central division to a 2.1% increase in the Mountain division. The 12-month changes ranged from a 0.5% increase in the Middle Atlantic division to a 14.8% increase in the Mountain division.

FHFA uses the purchase prices of houses with mortgages owned or guaranteed by Fannie Mae or Freddie Mac to calculate the monthly index.

For the full report, use the link.
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