Preview: OFHEO Purchase-Only House Price Index to Decline in February

April 22nd, 2008 | Category: Mortgage News

The new monthly OFHEO purchase-only home price index
is expected to fall 1.5% in February, following a 1.1% decline in the
January report.

The purchase-only index, based on input from home sales, was introduced
in OFHEO’s fourth quarter 2007 House Price Index (HPI) report, and
provides home price conditions

for the nation and each of the nine Census
Divisions.

In the preceding month…

Read More Now

Original post by Mortgage News Daily - Mortgage And Real Estate News

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