The Puzzle of Home Price Indexes

By Marcie Geffner - Bankrate

U.S. home prices declined 15.3 percent, 8 percent or 4.6 percent from April 2007 to April 2008, according to Standard & Poor's, the National Association of Realtors and the U.S. government, respectively.

If you're puzzled by that sentence, you're not alone. Home price measures have been front and center this year as home values have fallen across the country, but amid all the uproar, very little attention has been paid to the startling discrepancies among these three measurements of house prices or the implications of this conundrum for home buyers and sellers.

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