Home prices up in May

Home prices increased 0.68 percent nationally from April, and 7.24 percent above the level seen in May 2012. 

By , Guest blogger

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    This chart shows the monthly value of the FHFA National House Price Index over the past decade. Prices have rebounded considerably since the market's nadir in early 2011 but are still nowhere near pre-bust levels.
    View Caption

Tuedsay, the Federal Housing Finance Agency (FHFA) released the latest results of their monthly house price index (HPI) showing that in May, nationally, home prices increased 0.68% from April and rose 7.24% above the level seen in May 2012.
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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