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Home Price Index Shows Values Down 19 Percent From Peak

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

 

HPI delta from peakHome values dropped for the sixth straight month in March 2011, according to the Federal Home Finance Agency's Home Price Index. The Home Price Index is a government-sponsored home value tracker.

The HPI report is the latest in a string of "falling home values" stories -- a trend that's troubling home sellers across Lake Mary and nationwide.

However, although the Home Price Index says home values are falling, that doesn't necessarily mean that they are. Like most statistics in the housing sector, the Home Price Index is...

 

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Home Price Index Shows Values Down 19 Percent From Peak

Comments(1)

Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert
Going back to back on your posts with comments...we are probably down 35% or so.
May 27, 2011 01:39 AM