US Q1 home price declines at record

US Q1 home price declines at record

 

NEW YORK – Declines in US home prices accelerated in the first quarter, falling a record 1.7 per cent from the end of 2007, according to a federal index.

 

The house price index of the Office of Federal Housing Enterprise Oversight that covers home purchases is also down a record 3.1 per cent in the quarter from a year earlier. — REUTERS

 

Source: Business Times

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