recovery: NEW U.S. MONTHLY HOUSE PRICE INDEX ESTIMATES 0.6 PERCENT PRICE INCREASE BETWEEN JANUARY AND FEBRUARY - 04/24/08 09:43 AM
NEW U.S. MONTHLY HOUSE PRICE INDEX ESTIMATES 0.6 PERCENT PRICE
INCREASE BETWEEN JANUARY AND FEBRUARY
WASHINGTON, DC - U.S. home prices rose approximately 0.6 percent on a seasonallyadjusted
basis between January and February, according to OFHEO's new monthly House
Price Index. For the 12 months ending in February, U.S. prices fell 2.4 percent. Since its
peak in April 2007, the index is down 3.1 percent.
The OFHEO monthly index is calculated using purchase prices of houses backing
mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. The
index, introduced in OFHEO's fourth quarter 2007 House Price Index (HPI) report,
provides a timely indicator of house … (0 comments)

 

Christina Pilgrim

Folsom, CA

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