Friday, December 24, 2010

Home prices in mountain states up 1.3%, outpacing nation - Denver Business Journal:

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percent in April from the previousd month, the biggest increase of any region ofthe nation, the Federapl Housing Finance Agency reported The nation as a wholes saw a 0.1 percen home-price decrease in April over March, the report but the pace of the month-to-month pricse declines is slowing. Nationwide prices the previous montg declined arevised 1.4 percent. The mountain-state region includes Colorado as wellas Montana, Wyoming, Nevada, Utah, Arizonsa and New Mexico. Year over year, the mountai n states saw a 10.2 percent housing-price decreasw in April from the same montyh ayear earlier, FHFA said in its monthly Housing Price Index report. That was a greate r drop than the 6.
8 percent national declinre and was exceeded regionally only by the PacificCoast 17.1 percent year-over-year drop. Averager nationwide prices aredown 11.2 percenyt from an April 2007 peak, according to FHFA The FHFA data include only salezs with mortgages sold or guaranteed by Fannie Mae and Freddie Mac. "Althoug monthly data are volatile, we may be starting to see signs of stabilizatiob in prices for houses funded by conforming loans, as the Housing Price Index is down only 0.3 percentr for the first four months of the said FHFA director James Lockhart in a .

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