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Today, the Federal Housing Finance Agency (FHFA) released the latest results of its monthly house price index (HPI). It showed that in December, nationally, home prices increased 0.63% from November and rose 5.99% above the level seen in December 2011. The FHFA monthly HPI results are formulated from home purchase information collected from mortgages that have been sold to or guaranteed by Fannie Mae and Freddie Mac.

Source: FHFA Monthly Home Prices: December 2012