Looking only at sales of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency’s house price index (HPI) reports home prices rose slightly in January over December, and increased 0.05 percent last month over January. Since February 2012, this marks the 23rd rise in in the past 24 months. However, as housingwire.com tells MHProNews.com, house prices rose 7.4 percent January 2013 to January 2014. Currently, the HPI is eight percent below its peak of April 2007, but roughly the same as it was in May 2005. ##

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