FHFA Says Home Prices Fell in July

Washington, DC, Sept. 22, 2010--July home prices in the U.S. fell 0.5% compared with June, and were down 3.3% compared with a year earlier, the Federal Housing Finance Agency reported Wednesday.

Prices fell a revised 1.2% in June, weaker than the initial estimate of a 0.3% drop.

The FHFA purchase-only home-price index is down 13.8% from the peak in 2007.