Survey: average home purchase price up 4.3% from May to June
Monthly report excludes FHA, VA backed mortgages, balloon loans
By Inman News, Tuesday, July 24, 2007.The Federal Housing Finance Board reported today that the average home purchase price increased 4.3 percent from May to June, to $309,700.
The FHFB's data, based on a monthly survey of conventional purchase loans made by major lenders, excludes FHA- and VA-guaranteed mortgages and balloon loans.
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