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Today, the Federal Housing Finance Agency (FHFA) released the latest results of their monthly house price index (HPI) showing that in August, nationally, home prices increased 0.32% from July and rose 8.24% above the level seen in August 2012.

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

Source: FHFA Monthly Home Prices: August 2013