WASHINGTON (AP) - U.S. home prices have posted their sharpest
first-quarter decline since the government began keeping track 17
The Office of Federal Housing Enterprise Oversight says home
prices fell 3.1 percent in the first quarter compared with last
year. The index also fell 1.7 percent from the fourth quarter of
2007 to the first quarter of 2008, the largest quarterly price drop
Prices were lower in 43 states. California and Nevada had the
The government index is calculated by tracking mortgage loans
that are bought or backed by the government-sponsored
mortgage-finance companies Fannie Mae and Freddie Mac.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.