Fannie/Freddie numbers show January prices and trends for home sales

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So many organizations have elected themselves keepers of the one true data set on home prices that it’s getting a little tiresome. But the Federal Housing Finance Agency, which uses actually Fannie Mae and Freddie Mac numbers, says that nationwide home prices fell 6.3% from January 2008 to January 2009. They say their U.S. index is 9.6% below the peak. It seems like a smaller drop than we usually see, but keep in mind that these are only conforming loans and they are nationwide. In the breakdown for the Pacific region, the year-over-year drop is 21%, for example. If you scroll down on the news release, there are all kinds of cool charts and tables.

-- Sharon Bernstein