U.S. home prices increased 0.8% in April on a seasonal adjusted basis compared with March, but were down 1.5% year-over-year, the Federal Housing Finance Agency reported Tuesday. The previously reported 0.3 percent increase in March was revised to a 0.1 percent increase.
For the 12 months ending in April, U.S. prices fell 1.5 percent. The U.S. index is 12.8 percent below its April 2007 peak.
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