News release: “U.S. house prices rose in the second quarter of 2010 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI). The HPI, calculated using home sales price information from Fannie Mae – and Freddie Mac – acquired mortgages, was 0.9 percent higher on a seasonally adjusted basis in the second quarter than in the first quarter of 2010. The unadjusted national increase was 2.6 percent. Over the past year, seasonally adjusted prices fell 1.6 percent from the second quarter of 2009 to the second quarter of 2010. FHFA’s seasonally adjusted monthly index for June was down 0.3 percent from its May value, offsetting some of the price increases in the prior months. The monthly increase for the April-to-May period was revised downward to 0.4 percent, from an initial estimate of 0.5 percent.”