FHFA Reports Home Prices Down in August

 The Federal HousingrnFinance Agency (FHFA) has released its monthly House Price Index forrnAugust.  The index calculates prices paidrnto purchase houses that are backed by mortgages sold to or guaranteed byrnFreddie Mac or Fannie Mae.  </p

 The HPI was downrn0.1 percent from July to 183.02 on a seasonally adjusted basis and the July HPIrnwas revised down from a previously reported 0.8 increase over July to no changernfrom June at 183.23.  The index is -4rnpercent below its 190.72 level in August 2010.</p

 Among the ninerncensus bureau divisions tracked by the HPI, the greatest improvement from Julyrnto August was a 0.9 percent change in the South Atlantic division.  The worst performance on a seasonally adjustedrnmonthly basis was a loss of 1.3 percent in the West North Central division. </p

The U.S. index ofrnhome prices is 19.1 percent below its peak in April 2007 and is roughly the samernas the index in February 2004.</p

FHFA Home Price Index</p

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