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Home Price Declines on the Slowdown 

May 28, 2009By

While home values continue to fall, the rate of price depreciation has moderated in all nine regions of the US, Freddie Mac [stock FRE][/stock] says in a report released today. The GSE’s Conventional Mortgage Home Price Index (CMHPI), which tracks only purchases, recorded a 5.3% annualized decline in US home prices during Q109, following a more severe 18.5% drop in Q408.

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