U.S. house prices fell 0.2% on a seasonally adjusted basis from September to October, according to the Federal Housing Finance Agency's (FHFA) monthly House Price Index. The previously reported 0.9% increase in September was revised downward to reflect a 0.4% increase.
For the 12 months ending in October, U.S. prices fell 2.8%. The U.S. index is 19.2% below its April 2007 peak and roughly the same as the February 2004 index level.
For the nine census divisions, seasonally adjusted monthly price changes from September to October ranged from a 1% drop in the New England division to a 2% increase in the East South Central division.