Home values have not dropped month-to-month since January of this year -- a span of 6 months.
Beginning as soon as next week, new, mandatory mortgage fees will push conforming mortgage rates higher nationwide.
According to the Federal Home Finance Agency's Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.
All 20 Case-Shiller Index markets improved between April and May 2012.
The housing market's bottom is 9 months behind us. Home values continue to climb nationwide.
The Federal Home Finance Agency's Home Price Index shows home values up 0.8% in April on a monthly, seasonally-adjusted basis.
The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.
Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government's revamped HARP program.