Posted by on

3Q Home Prices Continue to Slide: FHFA

U.S. home prices fell 1.8 percent in the third quarter of 2008 from the previous quarter, and 6.0 percent compared to a year ago, according to the Federal Housing Finance Agency’s (FHFA) latest house price index. The data is calculated using purchase prices of homes with mortgages bought or guaranteed by Fannie Mae or Freddie Mac. Home prices are down 7.9 percent since their peak in April 2007, FHFA reports.

Leave a Reply

Your email address will not be published. Required fields are marked *