U.S. single family homes saw a seasonally adjusted price increase of 0.7 percent in February from January, the amount however remains down 6.5 percent from a year earlier, the Federal Housing Finance Agency said on Wednesday.

The regulator's monthly home price index for January was revised down to a 1 percent increase from a previously reported 1.7 percent gain.

The index is 9.5 percent below its April 2007 peak.

The FHFA monthly index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac.

For the nine Census Divisions, seasonally-adjusted monthly price changes from January to February ranged from –1.2 percent in the East North Central Division to +3.8 percent in the Pacific, FHFA said.