Home prices post biggest annual drop in Oct: S&P
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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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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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U.S. housing starts unexpectedly  plummeted 13.1 percent last month, the biggest dive in nearly  11 years, as groundbreaking activity fell sharply across the  nation, a government report showed on Thursday.
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U.S. stocks slipped on Monday after data showed the number of unsold homes reached its highest level in more than 15 years in July, adding to concerns about the housing market and consumer spending.
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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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Stocks slipped on Wednesday after a private report showed U.S. home prices tumbled in October and retailer Target cut its December sales view.
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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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House prices in Britain fell at their steepest pace in nine years in the three months to September,adding to evidence that the property market is cooling and decreasing the possibility
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UK house prices fall by 0.4% in October, the Nationwide building society says, the biggest decline since February 2001.
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Sales of existing US homes fell by 8% in September, the biggest decline in 16 years, a report shows.
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HOUSE prices fell at their sharpest rate for four years in October, producing further evidence that the Bank of Englandâs interest rate hikes have ended the property boom.
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Price drops and declining sales in the Massachusetts housing market moderated in October, two housing reports showed yesterday, suggesting that the monthslong slump in the real estate market may be nearing its end.
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Prices of homes sold in December registered the biggest year-over-year decline on record, according to an industry trade group, and 2007 is the first year on record that has seen a drop. A report issued Thursday showed the problems in the housing market have not yet bottomed out.
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Stocks slipped on Wednesday after retailer Target cut its December sales view and a private report showed U.S. home prices fell sharply in October.
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The slump in home prices was both deeper and more widespread than ever in the fourth quarter, according to a trade group report Thursday. Year-over-year, it was the biggest drop on record, said the National Association of Realtors. But David Lereah, the group's chief economist indicated the worst may be over. "When we get the figures for this spring, I expect to see a discernable improvement in both sales and prices."
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NEW YORK -- U.S. home prices fell in October for the 10th consecutive month, posting their largest monthly drop since early 1991, a widely watched index showed on Wednesday.
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The decline in home prices accelerated and spread to more regions of the country in October, according to new data.