According the Federal Home Finance Agency’s Home Price Index, home values are now off just 12.5 percent from their April 2007 peak nationwide.  This, after a half-percent monthly increase in prices in May, on average. Given the state of the market since April 2007, the Home Price Index results...

Last week, the Case-Shiller Index reported home values up 0.8 percent across 20 tracked markets. The public-sector Federal Housing Finance Agency has reached a similar conclusion. Reporting on a two-month lag, the government’s Home Price Index shows home values up 0.8 percent in April, buoyed...