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Yesterday, the Federal Housing Finance Agency (FHFA) released the latest results of its monthly house price index. It showed that in March, nationally, home prices increased a notable 1.28% from February and rose 7.23% above the level seen in March 2012. 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.

Source: FHFA Monthly Home Prices: March 2013