Home prices remained unchanged in January from a downwardly adjusted December level, but fell 0.8% from a year earlier, according to the Federal Housing Finance Agency's index.
The seasonally adjusted purchase-only index, calculated using mortgages sold to or guaranteed by Fannie Mae and Freddie Mac, is roughly at February 2004 levels and 19.2% below its April 2007 peak. The actual value is 182.9.
© 1999 - 2013 REAL Trends Inc. All rights reserved