House prices suffer worst fall since 1987: index
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House prices suffered their worst decline since at least 1987 in the second quarter from a year earlier as the housing downturn has deepened, according to the S&P/Case-Shiller U.S. National Home Price Index.
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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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Â· FTSE suffers biggest fall since 2001 Â· Interest rate cuts predicted
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UK house prices fall for the second time in three months, according to Nationwide building society.
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Home loan approvals in October fell to their lowest levels in nearly five years, according to figures released this morning by the Bank of England, confirming that the housing
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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.
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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 shows.
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House prices will suffer a &quot;modest&quot; fall over the next couple of years, the Bank of England warned yesterday as it cut its forecast for economic growth.
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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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Housing starts fell to their lowest level in 12 years last month, while permits for new construction also declined, pointing to a further weakening of an already battered housing market.
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Home prices fell 6.7 percent in October, compared with a year ago, according to the S&P/Case-Shiller 10-city home-price index, a record drop as housing markets continued to deteriorate.
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Home prices continued their plunge during the last three months of 2007, setting a real estate trade group's record for the biggest-ever quarterly drop.
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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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A government housing survey shows UK house prices fell by 0.7% between November and December.
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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 plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years.
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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.