I like the OFHEO numbers because they track the SAME houses period to period, so there should be little price distortion related to the changing MIX of houses sold, month to month.
Nevertheless, as an "agreeable person", I'll certainly consider any index that you recommend.
I doubt that you know any words that rhyme with OFHEO, anyway...
I say we look at the quarterly report for US metro prices put out by the NAR. There is one for SFH and one for Condos/coops. If they are both negative, I win. If they are both positive you win. If it is mixed, it's a draw. What do you say???