This just in from the Florida Realtors:
Feds: House prices rose for second month
WASHINGTON – July 21, 2011 – U.S. house prices rose 0.4 percent on a seasonally adjusted basis from April to May, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.8 percent increase in April was revised to a 0.2 percent increase.
For the 12 months ending in May, U.S. prices fell 6.3 percent. The U.S. index is 19.6 percent below its April 2007 peak and roughly the same as the January 2004 index level.
The FHFA monthly index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. For the nine Census Divisions, seasonally adjusted monthly price changes from April to May ranged from -1.0 percent in the West South Central Division to +2.0 percent in the Mountain Division.
© 2011 Florida Realtors®
As always, don’t put to much stock into national reports and stats. Real estate remains an extremely local market and some locations do much better than others for various reasons. Please check out our market statistics for information about the local area.
Feds: House prices rose for the second month
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