Team Thayer Property Servicing

House prices inched up 0.4 percent in May, on a seasonally adjusted basis from the previous month, according to the  Federal Housing Finance Agency’s  monthly House Price Index. The previous month was revised up from 0.3 percent percent change in April to instead reflect a 0.4 percent change. Then index is based on home sales price information from mortgages sold to or guaranteed by  Fannie Mae  and  Freddie Mac . From May 2014 to May 2015, house prices were up 5.7 percent. For comparison, the U.S. index is 1.8 percent below its March 2007 peak and is roughly the same as the April 2006 index level.  For the nine census divisions, seasonally adjusted monthly price changes from April 2015 to May 2015 ranged from -0.6 percent in the East South Central division to 1.1 percent in the East North Central division. In addition, the 12-month changes were all positive, ranging from +0.9 percent in the M...