Preview: OFHEO Purchase-Only House Price Index to Decline in February

The new monthly OFHEO purchase-only home price index is expected to fall 1.5% in February, following a 1.1% decline in the January report. The purchase-only index, based on data from home sales, was introduced in OFHEO's fourth quarter 2007 House Price Index (HPI) report, and provides home price conditions for the ...