Slight Increase in Home Prices Reflects Stagnant Housing Market

HousingWire reports the Federal Housing Finance Agency (FHFA), the conservator of Fannie Mae and Freddie Mac, said home prices moved up slightly in July 0.8 percent, but are down for the year ending July 31 by 3.3 percent. Prices are 18.4 percent below the high point in April 2007, although comparable to prices in 2004. This FHFA index is based on properties financed through the government-sponsored enterprises (GSEs). Regionally, prices rose in the West North Central Census region, gaining 3.6 percent in July. The South Atlantic region saw prices fall 0.4 percent during the same period.

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