Homes Post Price Drop for August
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The last time prices fell from their year-earlier level was in April 1995, but the market slide might be beginning to ease.
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Business & money: House prices have dropped for the first time in two years, adding to worries of unstable market.
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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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The National Association of Realtors reports sales of previously owned US homes fell 2.9 percent in July. The Realtors said resales in July fell to 6.72 million single-family houses at an annual rate from 6.92 million in June.
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Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products.
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Consumer Prices Index inflation, the Governmentâs target measure, fell to 1.3 per cent in August, down from 1.4 per cent in July.
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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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Sterling remained weak after this morning's survey by the Royal Institute of Chartered Surveyors showed house prices slipped in August as higher interest rates take their toll.
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WASHINGTON -- 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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WASHINGTON - New-homes sales tumbled in August to their lowest level in seven years, a stark sign the credit crunch is aggravating an already painful housing slump.
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UK house prices grew by 0.1% in August, the slowest monthly increase for almost three years, the Nationwide building society says.
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Sales of new U.S. homes unexpectedly  rose in August to a seasonally adjusted 1.050 million  annualized rate after a sharp downward revision in July's  tally, while the inventory of homes for sale eased slightly, a  government report showed on Wednesday.
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UK house-price inflation slowed for a second month in August, suggesting higher borrowing costs are deterring buyers, a survey by property Web site Hometrack showed.
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Consumer sentiment took its sharpest  plunge in nearly two years during August while home prices  swooned in the second quarter, according to reports that show  the housing crisis taking its toll.
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Pending sales of previously owned homes plunged 12.2 percent in July and planned lay-offs by companies surged 85 percent in August due to turmoil in the subprime mortgage market, independent reports showed on Wednesday.
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Existing home sales in August dropped 4.3 percent and the homebuilder Lennar posted the largest quarterly loss in its history.
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Applications for US home loans fell 6.3 percent last week after a brief bounce in early August spurred by a drop in mortgage rates, an industry group said on Wednesday.