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Home Prices Drop 0.5 Percent In July

Sep 23, 2010 | Reprints | Unlock Link | Print

homevalue Prices of single-family homes nationwide fell for a second straight month in July, the Federal Housing Finance Agency (FHFA) said on Wednesday.

The FHFA’s house price index dropped by a seasonally adjusted 0.5 percent after declining by a revised 1.2 percent in June, which was previously reported as a 0.3 percent fall.

The regulator’s index is calculated by using purchase prices of houses financed with mortgages sold to or guaranteed by mortgage finance companies Fannie Mae or Freddie Mac. (Reuters)

Residential Real Estate