Saturday, March 11, 2006

2005 Was a Very Good Year for Home Owners

(March 2, 2006) -- Home prices rose an average of 13 percent last year, according to a report released by the Office of Federal Housing Enterprise Oversight, the agency that manages mortgage giants Fannie Mae and Freddie Mac.The report pointed out that home prices grew far more rapidly last year than the prices of other goods and services included in the Consumer Price Index (12.95 percent vs. 4.3 percent, respectively).

Full Story - Realtor Magazine Online

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