Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: regli who wrote (51924)	6/1/2006 11:31:15 AM
From: mishedlo	Read Replies (2) of 116555

U.S. home prices up 12.5% in past year WASHINGTON (MarketWatch) -- U.S. home prices were still rising in the first quarter, but at a slower pace. The home price index released Thursday shows home prices rose 12.5% in the past year and 2% from the fourth quarter to the first quarter, the Office of Federal Housing Enterprise Oversight said. "These data show average housing prices still growing stronger than some might have expected," said OFHEO Acting Director James Lockhart. "They do indicate, however, that price growth is moderating in some parts of the country, particularly in areas where prices have been rising the most." For the first time since 2002, two states -- Iowa and South Dakota -- showed price declines from the fourth quarter to first quarter. End of Story marketwatch.com Does anyone know how those stats are compiled. I do not believe those numbers fo a second. There is no way in hell Florida did not see a decline from the fourth to the first quarter. Is this some sort of geographical survey with unweighted numbers by any chance? Mish

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