Hope things eternal

In the course of a day's work, stopped by the OFHEO website and saw that they have a house price calculator. Took it for a test drive. Input quarter of purchase and state and quarter of valuation, and it told me that since 2Q '03 my house has appreciated 49%.

Well, we haven't done badly here in Princeton, but that's hyper-optimistic, a legacy of the boo-ya days. You would think the organization charged with overseeing the terrible twins Fannie and Freddy might be more careful. Perhaps the calculator was coproduced with the NAR.