HotmailHome price index falls 0.3 percent
FHFA says prices fell in August from July, but above May's low point
 |
 Kid chef cooks holiday treats Nov. 27: A 13-year-old cook teaches the TODAY hosts how to whip up a turkey risotto that is perfect for the holidays. |
 | Special feature |
 | 10 tips to be a better coupon sleuth Want to save now? 10 Tips columnist Laura T. Coffey offers advice to help you upgrade your electronic and paper coupon skills. |
| FirstPerson |
 | Gallery: Your latest splurges Despite tough economic times, readers share photos of recent big-ticket purchases. |
|
 Police to talk with Woods after crash Nov. 28: Florida officials are hoping the golfer can provide some answers as to what caused his car to hit a fire hydrant and a tree in his neighbor’s yard after he pulled out of his driveway at 2:25 a.m. NBC’s Mark Potter reports. |
updated 10:36 a.m. ET Oct. 22, 2009
WASHINGTON - A government index shows U.S. home prices dipped slightly in August from the previous month, but remained above a low point reached in May.
The Federal Housing Finance Agency says prices fell 0.3 percent in August from July. The agency's index, based on loans owned or guaranteed by Fannie Mae and Freddie Mac, is 3.6 percent below last year's levels and 10.7 percent off its peak in April 2007.
The index declined less than other housing market measurements during the housing bust because it excludes the most expensive homes and some of the risky loans that have fallen into foreclosure.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Discuss Story On Newsvine
-
Rate Story:
View popularLowHigh - Instant Message
MORE FROM TECHNOLOGY & MONEY |
 Technology & Money Section Front |
| Add Technology & Money headlines to your news reader: |
Sponsored links
Resource guide