OFHEO Reports First Price Drop in 13 Years; NAHB Says Indianapolis Still Most Affordable Large Market

摘要

National home prices dropped in the third quarter of 2007, according to the Office of Federal Housing Enterprise Oversight (OFHEO) house price index (HPI), the first quarterly decline since 1994. "While select markets still maintain robust rates of appreciation, our newest data show price weakening in a very significant portion of the country," said OFHEO Director James B. Lockhart.