Industry News

OFHEO: U.S. house prices fall for first time in 13 years

Index tracks homes with mortgages under $417K
Published on Nov 29, 2007

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by CareyBot

House prices fell in 21 states during the third quarter, leading to the first quarterly decline in average U.S. home prices in 13 years, according to a government index that excludes transactions involving homes with mortgages above the $417,000 conforming ...