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Home Prices Drop 5.9% in August

A government report says U.S. home prices fell a record 5.9 percent in August from the same month last year.

The Federal Housing Finance Agency also says prices, on a seasonally adjusted basis, fell 0.6 percent from July to August. The index is down 6.5 percent from its peak in April of last year.

The government index is calculated using mortgage loans bought or guaranteed by the government-controlled, mortgage-finance companies Fannie Mae and Freddie Mac.

Posted by Sal Gutierrez on 10/23/2008 03:21 PM

Comments (1)

Home Prices in the ActiveRain Channel

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1 Comments on Home Prices Drop 5.9% in August

NOV

2008

thanks for the market information and dont forget to vote on tuesday, Proposition 100 adn propostion 201 are the key ballots

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Sal Gutierrez

Tempe, AZ

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