September 12, 2007

Home Prices Still Going Up

Home Prices Still Going Up

�

Home prices increased during the three months ended June 30, albeit only slightly, according to the latest quarterly report from the Office of Federal Housing Enterprise Oversight (OFHEO).

�

The OFHEO House Price Index (HPI) rose 0.1 percent compared with the first quarter of 2007 and 3.2 percent compared with the second quarter of 2006. The HPI includes data on houses purchased as well as those refinanced.

�

Coming during a period of intense turmoil in credit markets, other reports from the National Association of Realtors and the Case-Shiller Home Price Index showing price declines and dire predictions of future home price depreciation, the OFHEO report came as a pleasant surprise.

�

Buyer's Broker is an exclusive buyer's agency specializing in real estate, homes, relocation and land in Monterey, California. Buying a house is one of the biggest purchases in ones life and it involves a lot of information, especially when considering the vibrant and attractive real estate market in Monterey. To begin searching for Monterey real estate now, simply click the "Search for Monterey Real Estate" link at the top or bottom of this page.