Home Prices Falling? The FEDs State Otherwise.

Many studies indicate that home prices are slowing. However, the OFHEO (Office of Federal Housing Enterprise Oversight) states its housing price index saw a 4.3 percent increase during the first quarter of 2007. This is the least amount of growth in a decade.

The NAR (National Association of Realtors) reported a price decline of 1.8 percent during the first quarter vs the same period last year. The OFHEO also reported a decline in prices.

The discrepancy between reports may be due to the calculations of each organization.