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"As of our last quarter, we were at about 53,000 (REO) units," said Chris Bowden, vice president of Freddie Mac's HomeSteps unit. That figure is down from 2010 peak levels of 75,000 homes in the GSE's standing inventory.
Year-over-year single-family home prices jumped 6.8 percent in a 20-city index, according to the S&P/Case-Shiller indices. Prices rose in 2012 in 19 of the 20 cities.