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.
Home prices increased 0.68 percent nationally from April, and 7.24 percent above the level seen in May 2012.
By SoldAtTheTop, Guest blogger
Tuedsay, the聽Federal Housing Finance Agency聽(FHFA) released the latest results of their聽monthly house price index (HPI)聽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.