U.S. home prices rose a seasonally adjusted 0.3% in July, as some of the country's worst-hit housing markets showed signs of recovery.

Prices fell 4.2% for the 12 months that ended in July, however, and remain 10.5% below their April 2007 peak, the Federal Housing Finance Agency said. It also said it revised the 0.5% price increase it reported for June downward, to a 0.1% increase.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.