The Real Deal Miami

Home prices fall, according to federal index

August 25, 2009 03:52PM

U.S. home prices fell 0.7 percent in the second quarter of this year compared to the first quarter, according to the Federal Housing Finance Agency’s house price index, released today. The previous quarter saw a 0.5 percent decline. In the second quarter, the index fell 6.1 percent year-over-year. The index uses home sales price information from Fannie Mae and Freddie Mac mortgages.TRD