FHFA Reports Home Prices Rose 5.6% in 12 Months Through November

House prices increased nationally by 0.6 percent from October to November on a seasonally adjusted basis according to the Federal Housing Finance Agency's monthly House Price Index (HPI) released this morning.  Further, the Index for prices in the September to October period was revised from the previously reported increase of 0.5 percent to 0.6 percent.

On a year-over-year basis the HPI is up 5.6 percent and is now 15.2 percent below the peak it reached in April 2007 and is roughly the same as it was in August 2004. 

Seasonally adjusted prices relative to peak

U.S. house prices rose 0.6 percent on a seasonally adjusted basis from October to November, according to the Federal Housing Finance Agency's monthly House Price Index (HPI).   The previously reported 0.5 percent increase in October was revised upward to a 0.6 percent increase.  For the 12 months ending in November, U.S. prices rose 5.6 percent.  The national index has not declined since January 2011.

All but two of the nine census regions* posted increases in the October-November period with only, the two East Central regions, showing price declines.