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Economy in Brief

Home Price Inflation Cooled
by Tom Moeller June 11, 2004

Home prices as tallied by the Office of Federal Housing Enterprise Oversight (OFHEO) rose a moderate 1.0% in 1Q 2004, the weakest quarterly increase since 2Q '98.

The OFHEO house price index is a geometric weighted average based on more than 26.5 million repeat transactions over 29 years and 12,000 transactions annually.

View the latest OFHEO release here.

OFHEO 1Q04 4Q03 Y/Y 2003 2002 2001
House Price Index 1.0% 3.7% 7.7% 7.0% 7.1% 8.0%
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