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FHFA's new house price index still falls short

The FHFA's new "expanded-data" house price index is better than its other indices as it includes some purchases made with cash and non-conforming loans. However, as it is still a less comprehensive measure than both the Case-Shiller and CoreLogic indices, we will continue to put more weight on them. They both suggest that prices may be close to a floor, although a rapid rebound is very unlikely.

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