Home prices increase

In March, home prices increased 1.78 percent since February, rising 2.69 percent above the level seen in March 2011.

By , Guest blogger

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    This chart shows FHFA's national monthly home price index over the past decade. Home prices perked up in March, rising 2.69 percent above the level seen in March 2011.
    View Caption

Today, the Federal Housing Finance Agency (FHFA) released the latest results of their monthly house price index (HPI) showing that in March, nationally, home prices increased 1.78% since February rising 2.69% above the level seen in March 2011.

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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