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Economy in Brief

Home Prices Firm
by Tom Moeller September 14, 2004

Home prices as tallied by the Office of Federal Housing Enterprise Oversight (OFHEO) rose 2.2% (9.1% AR) in 2Q 2004 versus an upwardly revised 1Q gain of 1.5%.

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 2Q04 1Q04 Y/Y 2003 2002 2001
House Price Index 2.2% 1.5% 9.4% 7.0% 7.0% 8.0%
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