Median House Prices: OHFEO vs Global Insight
Charts OFHEO median home prices in 330 U.S. cities compared to Global Insight's adjusted data. Data courtesy of OFHEO and Global Insight.
“House prices pertain to median values for single-family dwelling units and are based on the 2000 Census of Housing. That point-intime Census estimate is then extrapolated, based on price indices published by the Office of Federal Housing Enterprise Oversight (OFHEO). Because OFHEO has acknowledged that these price indices overstate increases when refinance activity is strong, we further adjust the data to correct for this influence.”...Global Insight [Note: Global Insight stopped releasing housing data after quarter 4 of 2009.]