The Office of Federal Housing Enterprise Oversight (OFHEO) reported its home price index fell by 0.6% in July.

In addition, June was revised downward to negative 0.3% from remaining the same previously. Year-over-year, prices are down 5.3%, according to the OFHEO.   Regions reporting the largest price declines in July were Middle Atlantic (negative 1.1%), New England (negative 1.0%) and Pacific ( negative 1.0%).

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