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May 23, 2008
Home Prices Drop Most in 17 Years
The Office of Federal Housing Enterprise Oversight (OFHEO) confirms that residential prices declined 3.1 percent nationally in this year's first quarter compared with the first three months of 2007. It was the sharpest decline in the index's 17-year history and only the second quarter in which prices had declined since the index began in 1991.
Posted by S. Germain at May 23, 2008 08:23 AM