facebook
twitter
search
search

U.S. home prices index rose in November

Jan. 23, 2013 at 12:40 PM
| License Photo

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.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue