Recent House Price Surveys

Freddie Mac recently released their survey of house prices which is based on single-family repeat purchases (no refinances).  House prices in the US showed a 6.7% drop from the 2Q08 to 2Q09.  The Pacific region showed the largest decline, while the West South Central region showed little change.

There are several popular house price index sources: Freddie’s CMHPI (CMHPI Data – Freddie Mac),  OFHEO’s HPI (Federal Housing Finance Agency – House Price Index), and S&P Case-Shiller’s Home Price Index ( S&P | Indices > Alternative Indices – S&P/Case-Shiller® Home Price Indices – Home Price Values).

Freddie's CMHPI

Source: Freddie Mac

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