U.S. house prices dropped 0.1% on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index.

The 0.8% rise that was reported back in July was revised to reflect no change. For the 12 months ending in August, U.S. prices fell 4.0%, according to the index. The U.S. index is 19.1% below its April 2007 peak and approximately the same as the February 2004 index level.

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