U.S. home prices increased 0.6% on an adjusted basis in July compared to June and were up 5.8% compared to July 2014, according to the Federal Housing Finance Agency's (FHFA) monthly home price index, which derived from sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.
As of July, the index was 1.1% below its March 2007 peak and was roughly the same as the November 2006 index level.
For the nine census divisions tracked, the New England division saw home prices decrease the most, month over month, at 1.2%, while the Mountain division saw prices increase 1.6%.
Year over year, the Mountain division saw home prices increase the most, at 9.4%, while the New England saw prices increase 2.1%.
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