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Average U.S. home worth nearly 13 percent more in 2005.

Publication: Mortgage Banking
Publication Date: 01-APR-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Average U.S. home worth nearly 13 percent more in 2005.(Briefing Book)

Article Excerpt
Average U.S. home prices increased nearly 13 percent for all of 2005, while home-price appreciation for the fourth quarter of 2005 was about 2.9 percent, or an annualized rate of 11.4 percent, according to the Office of Federal Housing Enterprise Oversight (OFHEO).

OFHEO's quarterly House Price Index (HPI) noted that house prices continued to grow considerably faster over the past year than did prices on non-housing goods and services, as reflected in the Consumer Price Index (CPI). House prices rose 12.95 percent, while...

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