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US home prices up 0.7%



Country:  United States

30 April 2009

The average price of a USA property appreciated by 0.7% month-on-month in February, according to the Federal Housing Finance Agency (FHIFA).

The agency said that it had revised downward the seasonally adjusted home-price increase it reported for January to 1%, from 1.7%.

In the year to February, home prices depreciated 6.5%, the FHFA added.

The index is calculated using the purchase prices of homes-backing mortgages that have been sold or guaranteed by Fannie Mae and Freddie Mac. It does not include prices used for home refinancings.


See Also:   USA


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