StockMarketWire.com - US house prices rose 0.3% on a seasonally-adjusted basis from January to February, according to the Federal Housing Finance Agency’s monthly house price index.

While prices in January were unchanged according to initial estimates reported in the last HPI release, the January result has been revised downward to reflect a 0.5% decrease.

For the 12 months ending in February, US prices rose 0.4%, the first 12-month increase since the July 2006 - July 2007 interval.

The US index remains 19.4% below its April 2007 peak and is roughly the same as the January 2004 index level.


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