WASHINGTON (1/24/14)--Increases in U.S. house prices showed signs of slowing in November, with a slight bump up of 0.1% on a seasonally adjusted basis from the previous month, according to the most recent Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI).
November 2013 marks the twenty-second consecutive monthly price increase in the purchase-only, seasonally adjusted index.
While the November year-to-year house prices were up 7.6% according to the index, it showed that they are 8.9% below its April 2007 peak and about equal to the April 2005 index level.
The FHFA HPI is calculated using home sales price information from mortgages either sold to or guaranteed by Fannie Mae and Freddie Mac.
From November 2012 to November 2013, house prices were up 7.6%. The U.S. index is 8.9% below its April 2007 peak and is roughly the same as the April 2005 index level.
Use the resource to read more from the FHFA monthly report.