Industry News

U.S. home-price index down 3.1%

OFHEO numbers may understate declines in some markets
Published on May 23, 2008

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by CareyBot

Nationwide home prices are down a record 3.1 percent from a year ago, according to a government house-price index that excludes mortgages too large or risky for purchase or guarantee by Fannie Mae and Freddie Mac and may understate price declines in some markets.

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