House prices suffer worst fall since 1987
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House prices suffered their worst decline in at least 20 years in the second quarter, and there is no sign of a bottom for the market, according to data from Standard and Poor's and economist Robert Shiller.
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Confidence in the British property market has plunged to its lowest level in 16 months as investors predict a house price slump of up to 40 percent.
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Home ownership in England fell for a second year in 2007, and hit its lowest level since 1998, official figures claim.
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Sales hit their lowest rate in over seven years, as tighter credit and rising inventories hurt the housing industry.
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Home prices in 10 major metropolitan areas fell a record 8.4 percent in the year through November, suggesting the housing slump is worsening, according to a Standard & Poor index released on Tuesday.
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NEW YORK -- U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor's began its nationwide housing index in 1987, the group said Tuesday.
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HOUSE prices have shown their largest decline in four years, according to figures out yesterday. The data came as the Bank of England announced that its interest rates would stay at 4.75 per cent.
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The average price of houses in England and Wales has fallen by nearly Â£4,000 in five weeks, new figures suggest.
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Sales of new homes unexpectedly plunged in November at the sharpest rate in more than a decade, falling 12 percent to the weakest annual rate since July, the Commerce Department said on Thursday.
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Housing starts plunged in January to the slowest pace in more than nine years as the latest government reading on the battered housing market came in much weaker than forecasts.
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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 U.S. Commerce Department said on Thursday, underlining the depth of problems facing the housing sector.
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The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years.
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Prices of existing U.S. single-family homes recorded their biggest annual drop in October, suggesting the housing slump is far from over, a national home price gauge released on Wednesday shows.
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The UK's house price boom has brought "misery" to thousands of people, a leading economist argues.
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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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Quarterly figures show that house prices have fallen in Scotland for the first time in seven years.
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Sales of new single-family homes plummeted a record 26 percent in 2007 and builders slashed prices by the most since 1970 in a struggle to cope with a housing bust, a government report showed on Monday.