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Loan Modification

: Mortgage Lender Implode-o-Meter

FHFA Finds House Price Index Falls 0.5 Percent From June to July

By Implode-Explode Heavy Industries

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"U.S. house prices fell 0.5 percent on a seasonally adjusted basis from June to July, according to the Federal Housing Finance Agency?s monthly House Price Index. The previously reported 0.3 percent decline in June was revised to a 1.2 percent decline. The unusually large revision mainly reflects the addition of new data from late June that show considerably weaker prices than earlier in the month. For the 12 months ending in July, U.S. prices fell 3.3 percent. The U.S. index is 13.8 percent below its April 2007 peak."

Full post as published by Mortgage Lender Implode-o-Meter on September 22, 2010 (boomark / email).

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