Prices for single-family homes declined in 43 states, with hard-hit states California, Florida, and Nevada recording drops of 10.6%, 10.3%, and 8.1%, respectively, OFHEO said.
Prices nationally declined 1.4% in Q4 2007. OFHEO's report does not list sales prices, only percentage changes.
On the bright side, Wyoming, Utah, Montana, and Texas recorded the highest gains, of 6.3%, 5.6%, 4.9%, and 4.7%, respectively.
U.S. housing market worsens
Economist David H. Wang told BloggingStocks Thursday the OFHEO data, while not as comprehensive as U.S. Commerce Department housing data, nevertheless does not bode well for home sellers.


The $150 billion fiscal stimulus package that's winding its way through the U.S. Congress will not represent a panacea for the U.S.'s economic ills, an economist argued, but it will represent modest good news for one segment -- the beleaguered housing sector.
Consumer confidence declined to an all-time low in early January 2008, according to one measure, as concerns about jobs, energy prices, and home foreclosures weighed on the public's outlook for the economy and their personal finances,
The number of mortgage delinquencies rose to a 20-year high in Q3 as borrowers increasingly found it difficult to make payments within the 30-day grace period, 









