Florida Housing Prices Rise in May
Average U.S. home prices have started to rise, according to a monthly report
from the Federal Housing Finance Agency.
FHFA says U.S. home prices rose 0.9 percent from April to May.
In
the Southeast, which includes badly battered Florida, the average price rose
1.4 percent.
On a year-over-year comparison, the FHFA report says average home prices are
still down 5.6 percent and are 10.7 percent blow their April 2007 peak.
"Revisions and volatility of the monthly index make it hard to draw any
conclusions, but the seasonally-adjusted Home Price Index for the first five
months of this year is up 0.3 percent or 0.7 percent on an annualized
basis," FHFA Director James Lockhart said in a statement.
Posted: 22 July 2009
Source: Orlando Business Journal
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