Friday, March 24, 2006

Fed's Data Shows Low Perfomance is Good 

REASEARCH TRIANGLE PARK, North Carolina - The Office of Federal Housing Enterprise Oversight publishes data quarterly and tracks average house price changes in repeat sales or refinancings of the same single-family properties. Home prices in the Triangle region last year appreciated at a slower pace than in the rest of the state and country. In the Durham home prices rose an average 5.69 percent and in the Raleigh-Cary area home prices appreciated 4.74 percent, while home appreciation in the United States was 12.95 percent.

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