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OFHEO: Conforming Home Prices Fell 1.1 Percent in January 

Mar 25, 2008By

Perhaps looking to compete with the Standard & Poor’s/Case-Shiller home price indices, a new monthly index maintained by the Office of Federal Housing Enterprise Oversight was released Tuesday — within hours of the Case-Shiller numbers — which showed that home prices among conformining mortgages fell 1.1 percent nationally between December 2007 and January 2008. The monthly drop compares to a 0.6 percent national price drop one month earlier, the GSE regulator said.

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