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Home prices down from last year

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(Read caption) This chart shows the national home home price index over the past decade. After peaking in 2007, rates have been in steady decline for the past four years.

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Today, the Federal Housing Finance Agency (FHFA) released the latest results of their monthly house price index (HPI) showing that, nationally, home prices increased 0.94% since August but declined 2.52% below the level seen in September 2010.

The FHFA monthly HPI are formulated from home purchase information collected from mortgages that have been sold to or guaranteed by Fannie Mae and Freddie Mac.

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