Fresh sign of housing market cooling
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House prices in England and Wales fell slightly in August, property research company Hometrack says, offering another sign the market may be cooling in the face of higher interest rates.
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Playing the U.S. housing market may no  longer require actually buying a home.
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While the U.S. housing market is   drifting down from stratospheric levels, the sector is just   returning to normal and is not poised to crash, several   economists and industry leaders told lawmakers on Wednesday.
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House prices in England and Wales fell slightly in August, according to figures from property research company Hometrack, offering another sign the market may be cooling in the face of higher interest rates.
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The economy has slowed down. Gasoline prices hit new highs in early August. And the once-soaring housing sector is rapidly losing altitude, raising concerns it could drag the whole country into a recession.
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U.S. home construction fell last  month for the first time since January, as builders struggled  with a glut of unsold homes, but permits for future  construction rose, offering mixed signals on the housing  outlook.
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One economist is beginning to glimpse signs of recovery that he says may be confirmed this week by a pair of reports on home sales.
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For the first time since March, sales of new homes rose in August.
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Applications to buy and refinance homes dropped last week, an industry trade group said on Wednesday, the latest sign that U.S. housing remains mired in a downturn.
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Many of the nation's biggest companies have cut back their sales expectations in recent days and the financial system is showing signs of new stress, evidence that the U.S. economy is more threatened by the sharp downturn in housing than it appeared to be only a few weeks ago.
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Playing the U.S. housing market may no longer require actually buying a home.
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New signs of weakness in the housing market prompted investors to look past a rebound in major retailersâ sales figures.
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Unexpected strength from weekly U.S.  jobless claims provided rare good news for the troubled U.S.  economy on Thursday, but a measure of buying demand in the  housing market continued to chill.
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San Diego's slumping housing market may get a short-term boost from people looking for new homes
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House price growth remained subdued in September, offering further proof of a slowdown in the property market, figures showed today.
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The jump in retail sales is likely to reinforce the Federal Reserveâs view that the cooling housing market has not hurt the rest of the economy.
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The region is now feeling an autumn chill of slackening economies and warnings of further market upheaval.