WASHINGTON – Jan. 23, 2013 – U.S. house prices rose 0.6 percent on a seasonally adjusted basis from October to November, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI).

The October 0.5 percent increase was also revised upward to a 0.6 percent increase. For the 12 months ending in November, U.S. prices rose 5.6 percent.

The U.S. index is 15.2 percent below its April 2007 peak and roughly the same as it was in August 2004. National home prices have not declined on a monthly basis since January 2011.

For the nine census divisions, seasonally adjusted monthly price changes from October to November ranged from -1.0 percent in the East North Central division to +2.1 percent in the Mountain division, while the 12-month changes ranged from +0.5 percent in the Middle Atlantic division to +14.8 percent 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. Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the following pages.

For detailed information on the monthly HPI, visit the HPI Frequently Asked Questions (FAQ).

© 2013 Florida Realtors®