OFHEO: US Home Prices Fall 0.3% From April To May

WASHINGTON (Dow Jones)–U.S. home prices fell 0.3% from April to May, the Office of Federal Housing Enterprise Oversight said Tuesday. Additionally, the government agency, which overseas mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE), said U.S. home prices fell 4.8% for the 12 months ending in May. OFHEO’s monthly index is based on the purchase prices of houses [...]
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