Thursday, April 24, 2008

OFHEO Pegs Home Price Decline at 2.4 Percent

American Banker (04/23/08)
According to the Office of Federal Housing Enterprise Oversight, the trend of buyers riding out the housing market until it hits bottom had the effect of driving down residential prices in February. The watchdog reported a 2.4-percent decline in prices from February 2007 and said its index was down 3.1 percent overall since cresting last year.

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