Report sees double-digit declines in home prices
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House prices in U S metropolitan areas may decline by more than 10 percent in the months and years ahead as higher borrowing costs hurt demand, a study by a Moody's Corp. unit shows.
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House prices suffered their worst  decline since at least 1987 in the second quarter from a year  earlier as the housing downturn has deepened, according to the  S&P/Case-Shiller U.S. National Home Price Index.
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WASHINGTON -- U.S. home prices continued to rise in the second quarter but showed the biggest slowdown in three decades, federal regulators reported Tuesday.
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The US housing and mortgage downturn is now so acute that a fall in home prices is likely, a key lender warns.
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Homeowners across America were more likely to report declines in their home values than at any time since 1992, according to the The Reuters/University of Michigan Surveys of Consumers for August released on Friday.
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Sales of new homes plunged in August and prices posted their biggest year-on-year drop in nearly 37 years, the Commerce Department reported on Thursday, underlining the depth of problems facing the U.S. housing sector.
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Sales of new U.S. homes fell more  than expected in June to a seasonally adjusted annual 1.131  million rate and the median home price fell for the second  month in a row the government reported on Thursday, as the U.S.  housing market showed more signs of cooling.
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Resales of U.S. homes fell 2.7  percent in August, decreasing more than expected as mortgage  interest rates picked up in the early summer, a trade  association report showed on Friday.
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Americans are taking substantially less equity out of the value of their homes than a year ago, a sign consumer spending may be set to recede, data compiled by a Federal Reserve economist suggest.
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California faces a double-digit fall in housing prices over the next year and a half, a major builder, a lender and the state treasurer said on Monday in a discussion of how long the subprime mortgage crisis would drag on the Golden State.
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The UK's rampant house price inflation is likely to slow down dramatically in the next year or two, a report says.
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An index measuring U.S. house prices suffered its worst decline since its creation 20 years ago, and there is no sign of a bottom for the market, according to a report compiled by Standard and Poor's and economist Robert Shiller.
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House prices fell for the second month running during August as the market continued to feel the effects of rising interest rates, figures show.
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Next year will likely bring a second  annual decline in existing home sales, the National Association  of Realtors predicted on Monday.
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House price inflation appears to have reached a plateau, according to government statistics.
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The pace of existing home sales in July fell slightly to a 5.75 million unit annual rate and the supply of unsold single-family homes hit its highest since 1991, the National Association of Realtors said in a report on Monday.
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The median price of an American single-family home fell in 2007 for the first time in at least four decades, according to the National Association of Realtors.