Home price drop worst since June 1991: S&P
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The decline in prices of existing  single-family homes accelerated in August and fell at their  fastest pace since 1991, according to the Standard &  Poor's/Case Shiller national home price index.
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Business & money: Weakening house prices and soft consumer spending set to make 2008 worst year since early 1990s
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The number of single-family homes homes being contructed in the US hits its lowest level since April 1991.
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House prices dropped at their steepest rate for nine years this summer, according to a survey published today which provides one of the clearest indications yet that the housing market is in decline.
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Sales of new US homes tumbled at the sharpest rate in more than a decade in November, the government said yesterday, but a separate report showed the consumer's mood was still buoyant near the end of 2004.
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The pace of existing home sales in   the United States fell for a fifth straight month in August and   prices dropped from year-ago levels for the first time in more   than 10 years, a realtors group said on Monday.
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Sales of previously owned homes fell to a five-year low in July and the glut of unsold properties climbed to the highest since 1991 as the housing slump dragged on.
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Wall Street stocks declined on Tuesday, after major retailers lowered their sales forecasts, house prices fell at their sharpest pace for sixteen years and existing home sales fell to a five-year low.
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Investor's Business Daily - U.S. home prices declined 1.4% in Q1 compared with Q1 &#39;06, the first year-over-year drop since 1991, according to the S&amp;P/Case-Shiller index. It could take years for housing prices to rebound, said David Seiders, chief economist for the National Association of Home Builders. He predicted that new-home construction won&#39;t return to last year&#39;s level for at least 4 years.
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Home prices fell 6.7 percent in October, compared with a year ago, according to the S&P/Case-Shiller 10-city home-price index, a record drop as housing markets continued to deteriorate.
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Relax. It's just the biggest price drop since 1991.
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Prices of existing U.S. single-family homes fell in the first quarter from a year earlier for the first time since 1991, the Standard & Poor's/Case Shiller national home price index reported on Tuesday.
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Retail sales posted their steepest  drop in nearly two years in June, according to government data  on Friday, indicating the housing market slump and soaring  gasoline costs are depressing consumer spending.
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The meltdown in the mortgage market caused the biggest drop on record in August for pending home sales, taking the index down to the lowest level since the month that included the Sept. 11, 2001 terrorist attack.
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The spring real estate market was a washout. Home sales in Massachusetts tumbled as much as 8 percent in June, and prices also dropped during that key month in the real estate cycle, according to two reports yesterday, virtually ensuring that 2007 is going to be another down year in the industry.
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Average U.S. home prices rose 7.73  percent over the 12 months to September 30, but the  quarter-to-quarter gain was the lowest since 1998 and indicates  a sharp deceleration in house price gains, the U.S. Office of  Federal Housing Enterprise Oversight reported Thursday.
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House prices in Britain fell at their steepest pace in nine years in the three months to September,adding to evidence that the property market is cooling and decreasing the possibility