OFHEO: Q4 prices fall in every state but Maine

U.S. home prices fell 1.3 percent in the fourth quarter, according to a government price index that excludes more expensive homes.

The fourth-quarter price declines erased previous gains for the year and left home prices down 2.4 percent from their April 2007 peak, according to a house-price index published by the Office of Federal Housing Enterprise Oversight (OFHEO).

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