U.S. house prices rose 0.4% on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index.
The previously reported 0.5% decline in July was revised to a 0.7% decline.
For the 12 months ending in August, U.S. prices fell 2.4%. The U.S. index is 13.6% below its April 2007 peak.
The FHFA monthly index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac.
For the nine Census Divisions, seasonally adjusted monthly price changes from July to August ranged from -0.6% in the Mountain Division to 1.5% in the West South Central Division.
Click here for complete historical data.
The next release will be on Nov. 24, 2010 and will include data for September and index estimates for the third quarter.