RISMEDIA, September 25, 2009—U.S. home prices rose 0.3% on a seasonally-adjusted basis from June 2009 to July 2009, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.5% increase in June was revised downward to a 0.1% increase. For the 12 months ending in July, U.S. prices fell 4.2%.
The U.S. index is 10.5% below its April 2007 peak. The FHFA monthly index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. For the nine Census Divisions, seasonally-adjusted monthly price changes from June to July ranged from -0.9% in the East South Central Division to + 1.6% in the Pacific Division.
For more information, visit www.fhfa.gov.