U.S. Home Prices Rise 0.8% in April, But Down 5.7% Year-Over

Financial News Network
June 23, 2011 AT 12:11 AM
Prices for homes in the U.S. rose 0.8% on a seasonally adjusted basis from March to April according to a report today from the Federal Housing Finance Agency.It's the first monthly price gain reported by the FHFA since May 2010.The previously reported decrease of 0.3% in March was revised to a 0.4% decrease.For the 12 months ending in April, prices are down 5.7%. The Index is 19.3% below its April 2007 peak and is roughly the same as it was in January 2004.Prices increased in six census divisions in the month: the Pacific division was up 1%, West South Central 2.1%, East North Central 1.4%, East South Central was up 1.8%, New England up 2.2%, and the Middle Atlantic division was up 1.3%Prices decreased in 3 census divisions: the Mountain division was down 1.3%, West North Central 0.6%, and the South Atlantic was down 0.2%.