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.
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