Historic fall in home prices
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The decline, the biggest in the US since World War II, is deepening.
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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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U.S. housing starts unexpectedly plummeted 13.1 percent last month, the biggest dive in nearly 11 years, as groundbreaking activity fell sharply across the nation, a government report showed on Thursday.
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Sales of existing homes dropped for a fifth straight month in July, falling to the slowest pace in nearly five years, while home prices fell for a record 12th consecutive month.
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U.S. housing starts unexpectedly  plummeted 13.1 percent last month, the biggest dive in nearly  11 years, as groundbreaking activity fell sharply across the  nation, a government report showed on Thursday.
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An index measuring changes in UK house prices fell in the three months through November to the lowest since December 1992, suggesting a decline in the nation&#39;s property market is deepening.
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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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New home sales posted the biggest drop on record in 2007, according to the government's latest look at the battered housing market released Monday, as a year that saw a meltdown in the mortgage market and a drop in home values ended with yet more signs of weakness.
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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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Is the housing slump really that bad? After all, the S&amp;P 500 last week fell more in a single day (3.5 percent) than home prices have fallen in the past year nationally (3.1 percent).
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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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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.
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Prices of homes sold in December registered the biggest year-over-year decline on record, according to an industry trade group, and 2007 is the first year on record that has seen a drop. A report issued Thursday showed the problems in the housing market have not yet bottomed out.
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Sales of previously owned U.S. homes fell more than expected in December, ending a year that brought the sharpest housing slowdown since 1982 and the first annual drop in prices since the Great Depression.
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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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For the year, sales of single-family homes were down by 13 percent, the biggest drop since a 17.7 percent plunge in 1982. The median price for a single-family home dropped to $217,000.
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The housing market took a sharp turn for the worse in September as prices tumbled and sales of previously owned homes fell to a record low, battered by rising foreclosures and tighter lending standards.