September 6, 2006

Home Prices Experience Sharp Drop

Home Prices Experience Sharp Drop

 

Home prices continued to rise in the second quarter but showed the biggest slowdown in three decades according to a report released recently by federal regulators.

 

The figures released by the Office of Federal Housing Enterprise Oversight, the agency that oversees the big mortgage-finance companies Fannie Mae and Freddie Mac, provided the latest indication that the housing market is cooling substantially.

 

Read more about home prices experiencing a sharp drop…

 

 

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