- The Federal Housing Finance Agency's nationwide House Price Index rose 0.8% between March and April after March was revised down 20 basis points to a 1.6% gain from February.
- Comparing year-ago figures, the index stood 3.0% higher than it was in April 2011. The index hit its highest April level in 2007. This year's number is about where the index was in April 2004.
- The FHFA index uses the price of houses on which mortgages have been bought by or guaranteed by Fannie Mae or Freddie Mac.
From the article: "U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 1.8 percent increase in March was revised downward to reflect a 1.6 percent increase. ..."