Double-digit California home price drop seen
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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 Massachusetts housing market will remain in a slump, and by the time it hits bottom about a year from now, prices will have dropped 14 percent from the peak in 2005, according to an economic forecast released yesterday.
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The nation&#39;s housing boom could give way to a housing bubble and recession in 2006, a UCLA economist concluded in the widely watched Anderson Forecast covering the California and national economies.
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Property prices are falling at rates not seen since the 1990s housing recession, warn surveyors.
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Southern California home sales fell to a 20-year low in January, as buyers and sellers appeared to be waiting for market turbulence to pass, according to a report issued on Wednesday.
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California&#39;s economy will experience solid growth next year, but the state&#39;s fortunes could change if the national economy falters amid rising consumer debt, a growing trade imbalance and bloated housing market, according to a
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The slump in home prices was both deeper and more widespread than ever in the fourth quarter, according to a trade group report Thursday. Year-over-year, it was the biggest drop on record, said the National Association of Realtors. But David Lereah, the group's chief economist indicated the worst may be over. "When we get the figures for this spring, I expect to see a discernable improvement in both sales and prices."
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As U.S. home purchases slow, an expected rise in demand for rentals will result in a spike in inflation, analysts say, citing studies showing housing costs have been under-reported by the government.
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Bee Staff Writer. A continued housing shortage will push California&#39;s median home resale price up by a double-digit percentage again next year even as interest rates rise and sales slow, the
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House prices will decline 2 per cent over the next year as the market experiences a &quot;measured slowdown&quot;, the Halifax said yesterday.
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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 showed.
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Homes priced out of buyers' reach and unsold inventory could derail analysts' predictions that the market is near its bottom.
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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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U.S. home prices will likely drop for the rest of this year, then rebound in 2007 as the housing supply tightens, the National Association of Realtors said today.
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The estimated $2 trillion to $4 trillion loss in real estate wealth could be more damaging to the public than falling stock values since more Americans own homes than own stock.
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Home prices have plunged by 10 percent or more in some parts of the United States and interest rates on mortgages are at enticing levels, but many potential buyers are waiting for prices to fall further.
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Forecasters expect the median price of  U.S. homes to fall between 1 percent and 2 percent this year in  what would be the first such decline since 1950, when federal  agencies began tracking such statistics, the New York Times  reported on Sunday.