Monday, June 4, 2007

US 1st qtr home price growth at slowest rate in 14 years

(Reuters) - "Existing home sales rose in the first quarter relative to
the fourth quarter, on a seasonally adjusted basis, but were
down more than 9 percent from a year ago and as a result home
price growth decelerated further," he said in a statement.




Freddie Mac said its Conventional Mortgage Home Price Index
features a new purchase-transaction only series for the
nation and the nine Census divisions, rather than relying on
data from both purchase and refinance-appraisal transactions.


Read more at Reuters.com Bonds News

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