Freddie Mac reports on home sale prices
Freddie Mac reports that "its quarterly Conventional Mortgage Home Price Index (CMHPI) rose 10.7 percent, on an annual basis, from the fourth quarter of 2003 through the fourth quarter of 2004, up from an 8.4 percent growth rate for the prior year (fourth quarter of 2002 to fourth quarter of 2003)."
Further, "Nationally, home values increased by an annualized rate of almost nine percent in the fourth quarter of 2004. The annualized growth rate in the third quarter of 2004 was revised upward to 17.5 percent."
Coastal areas enjoyed especially high appreciation.
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