Home prices increase

Nationally, home prices increased 0.71 percent since November but declined 1.32 percent  below the level seen in December 2010.

This chart shows the annual change in the FHFA's monthly home price index over the past decade. Home prices increased slightly in November 2011. (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 0.71% since November and declined 1.32% below the level seen in December 2010.

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.