Home prices rise in August

Home prices increased 0.32 percent from July and rose 8.24 percent above the level seen in August 2012, according the FHFA's monthly home price index.

This chart shows the annual and monthly change in US home prices since 2001. Prices nationwide have rebounded considerably since bottoming out in the beginning of 2011.

Yesterday, the Federal Housing Finance Agency (FHFA) released the latest results of their monthly house price index (HPI) showing that in August, nationally, home prices increased 0.32% from July and rose 8.24% above the level seen in August 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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