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FHFA Reports Respectable April Home Price Increases
Tuesday, June 23, 2015
Prices across the U.S. rose 0.3 percent on a seasonally
adjusted basis in April compared to March the Federal Housing Finance Agency
(FHFA) said today. On an annual basis
prices were up 5.3 percent. FHFA's House Price Index (HPI) is calculated using
home sales price information from mortgages sold to or guaranteed by Fannie Mae
and Freddie Mac. The increase reported earlier for March was not revised,
remaining at 0.3 percent as well.
The U.S. HPI is currently 221.7 based on an index that was normalized to 100
in the first quarter of 1991. The U.S.
index is 2.3
percent below its March 2007 peak and is roughly the same as
the February 2006 index level.
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