OFHEO U.S. Housing Price Index Posts Largest Quarterly Decline on Record

House prices fell 0.4% month-over-month in March following February's revised 0.4% gain, and declined 1.7% quarter-over- quarter in Q1 compared to a previous 0.1% gain, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Thursday. The quarterly fall was the largest decline on record. The consensus had been looking for a 1.3% ...