U.S. home prices index rose in November

Jan. 23, 2013 at 12:40 PM
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WASHINGTON, Jan. 23 (UPI) -- A U.S. home price index rose 0.6 percent October to November, the Federal Housing Finance Agency said Wednesday.

The agency also revised its price gain from the previous month. Prices were up 0.6 percent in October, not 0.5 percent as previously reported for homes with mortgages backed by either the Federal National Mortgage Association or the Federal Home Loan Mortgage Corp., better known as Freddie Mac and Fannie Mae.

The U.S. home price index is at 15, 2 points below the peak hit in April 2007. From November 2011, however, prices rose 5.6 percent, the agency said.

Home prices have held even or risen each month since January 2011, FHFA said.

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