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Freddie Sees House Prices Down Slightly in Q110

May 27, 2010

Home prices declined 1.1% in Q110 compared to the same quarter one year ago, according to purchase-only edition of Freddie Mac’s Conventional Mortgage Home Price Index (CMHPI). Compared to Q409, prices are down 2.1%.

However, despite the declines, prices in some regions of the country are still above 2005 levels.

The purchase-only CMHPI includes property values based on home purchases with a conventional mortgage purchased by Freddie Mac or Fannie Mae by April 30, 2010. The 2.1% decline compares to the 3.2% price decline in the Standard & Poor’s (S&P)/Case-Shiller HPI and the 3% decline in the Federal Housing Finance Agency (FHFA) HPI….read more

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