More homeowners say house value declines: survey
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Homeowners across America were more likely to report declines in their home values than at any time since 1992, according to the The Reuters/University of Michigan Surveys of Consumers for August released on Friday.
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House market trends are shifting away from a sellers' market and now favour buyers, new figures suggest.
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Home buyers are responding to incentives in many markets, helping reduce the inventory of unsold homes, executives told an industry conference on Tuesday.
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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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Property prices are falling at rates not seen since the 1990s housing recession, warn surveyors.
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U.S. home sales will be a good deal  weaker this year than earlier thought as potential buyers  remain on the sidelines waiting for better deals, a national  real estate group said on Thursday.
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Resales of U.S. homes fell 2.7  percent in August, decreasing more than expected as mortgage  interest rates picked up in the early summer, a trade  association report showed on Friday.
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About one-third of the nation's cities have less affordable housing than they had a year ago, according to a survey released Thursday.
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Concern about interest rate hikes, the drop in new home construction, and tighter business inventories contributed to the decline.
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More than one in five U.S. homeowners expect their home to fall in value in the coming year, a Reuters-University of Michigan consumer survey said on Friday.
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A record number of homeowners with high-cost mortgages have fallen behind on their payments or are facing foreclosure, a side effect of the growth in lending to people with poor credit, according to an industry group survey released yesterday.
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Property prices in the UK are falling to an extent not seen since the 1990s housing recession, warn surveyors.
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Pending home sales fall, but also prove opportunity for long-term investors.
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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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Investors' expectations of an interest rate cut -- and home buyers' hopes for cheaper mortgages -- seem to be disappearing.
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More Americans had their home loan applications turned down in 2006 than a year earlier, although the majority continued to be approved, according to a report issued on Wednesday by financial sector regulators.
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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.