Following on the heels of a similar report from OFHEO, Freddie Mac reported that its conventional home price index slowed in the first quarter.However, Freddie Mac pegged the annualized rate of growth at 5.1% in the first quarter based on its "repeat sales" index, significantly higher than the 3.77% estimate from OFHEO. Freddie Mac's index suggests home price appreciation has only slowed modestly since the fourth quarter of last year. Freddie found that home prices are rising faster on the Pacific Coast and Mid-Atlantic regions than in other parts of the country.
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