Jul 22
U.S. house prices fell 0.3% month-over-month in May
following April’s 0.8% pullback, the Office of Federal Housing Enterprise
Oversight (OFHEO) reported Tuesday.
The consensus had been looking for a 0.8% month-over-month pullback in
May.
“It is very hard to draw conclusions from a one-month number,
especially in these uncertain times; but the numbers in the Pacific, East
and West North Central Divisions may be good signs…”