Washington, DC, December 1, 2005--Average home prices climbed 12.02 percent over 12 months to September 30, though there was a slowdown in price rises in some hot markets, the Office of Federal Housing Enterprise Oversight said on Thursday.
Home values appreciated 2.86 percent during the third quarter from the second quarter of 2005, or at an annualized rate of 11.44 percent.
"Appreciation rates in the third quarter were extremely strong, although some deceleration can be seen in a number of the faster-appreciating markets," OFHEO Chief Economist Patrick Lawler said in a statement.
Price momentum in the Pacific and New England states, in particular, has pulled back, he said.
