Inflation

OFHEO: Record Annual Home Price Decline in Q2 

Buttressing similar directional findings released Tuesday by Standard & Poor’s, the Office of Federal Housing Enterprise Oversight — still releasing data under that name, despite new legislation creating a new regulating entity for both Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] — said that its index of conforming home purchases found a 1.4 percent drop in home prices during the second quarter. The quarterly drop compares to a drop of 1.7 percent during Q1.