Government Says House Prices Flat in April

Washington, DC, June 24, 2014 -- The Federal Housing Finance Agency reported that its monthly House Price Index showed no change in U.S. house prices for April from the prior month.

The monthly change in the index for March remained at 0.7% as previously reported.

The index is calculated using home sales price information from mortgages either sold to or guaranteed by Fannie Mae and Freddie Mac.

From April 2013 to April 2014, house prices were up 5.9%. The U.S. index is 6.9% below its April 2007 peak and is roughly the same as the July 2005 index level.