Home prices across the nation improved for their fourth consecutive month in May but remain about 17% lower than one year ago, according to the S&P Case-Shiller Home Price Index. The 10-City and 20-City Composites are 16.8% and 17.1% lower, respectively, compared to May 2008. Historically, those...
It is sometimes hard to keep up with all of the housing surveys that come from economic forecasters, trade associations, and the government but one we always look forward to is the quarterly Office of Federal Housing Enterprise Oversight ( OFHEO ) House Price Index (HPI) study. The OFHEO report is interesting...