Home prices down from last year
Home prices increased 0.94 percent since August, but declined 2.52 percent below the level of home prices seen in September 2010.
This chart shows the national home home price index over the past decade. After peaking in 2007, rates have been in steady decline for the past four years.
SoldAtTheTop
Today, the Federal Housing Finance Agency (FHFA) released the latest results of their monthly house price index (HPI) showing that, nationally, home prices increased 0.94% since August but declined 2.52% below the level seen in September 2010.
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'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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The FHFA monthly HPI are formulated from home purchase information collected from mortgages that have been sold to or guaranteed by Fannie Mae and Freddie Mac.
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