Monthly FHFA house price index rises slightly in October 

U.S. house prices rose 0.7% on a seasonally adjusted basis from September to October, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.7% decrease in September was revised downward to a 1.2% decrease. For the 12 months ending in October, U.S. prices fell 3.4%. The U.S. index is 14.5% below its April 2007 peak. The FHFA index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac.