U.S. Home Prices Soar

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Average U.S. home prices leaped nearly 13 percent from the fourth quarter of 2004 to the same period last year, showing no signs of a slowdown during the period, federal regulators reported Wednesday.


The figures released by the Office of Federal Housing Enterprise Oversight, the agency that oversees the big mortgage-finance companies Fannie Mae and Freddie Mac, indicated that while housing prices appear now to be cooling, they continued to increase sharply last year.


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