Home prices show huge slowdown
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WASHINGTON -- US home prices continued to rise in the second quarter but showed the biggest slowdown in three decades, federal regulators reported .
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The housing market is slowing as higher interest rates bite, says the Royal Institution of Chartered Surveyors.
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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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WASHINGTON - Sales of existing homes plunged a record amount in September while median home prices dropped by the largest amount in nearly a year, reflecting deepening problems in the troubled housing market.
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Housing construction plunged to the lowest level in nearly a decade last month as the housing industry continued to struggle with a severe slowdown.
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Sales of new homes plunged in August and prices posted their biggest year-on-year drop in nearly 37 years, the Commerce Department reported on Thursday, underlining the depth of problems facing the U.S. housing sector.
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There was a sharp slowdown in mortgage lending last month, says the Council of Mortgage Lenders.
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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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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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WASHINGTON - The current housing slump, which began in late 2005, probably has another year to go before things turn around. Before it is over, home prices - which had soared during the boom years - will probably have fallen by the largest amount of any downturn in the post World War II period.
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Business & money: House price inflation eased last month to its slowest pace in a year.
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The average price of houses in England and Wales has fallen by nearly Â£4,000 in five weeks, a survey says.
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The average price of existing US homes shows its first annual decline in more than 11 years, a report shows.
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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 showed.
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Home prices declined a record 6.7 percent in October compared with a year ago, according to the Standard & Poorâs/Case-Shiller home price index.
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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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House prices fell by 1.1 per cent last month, their worst performance in four years, Halifax, Britain&#39;s biggest mortgage lender, has said.