US house price growth slows
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US house prices grew at the slowest rate in thirty years in the second quarter, according to a closely-watched report from the Office of Federal Housing Enterprise Oversight , providing further evidence of a cooling US housing market.
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Average U.S. home prices rose 0.5 percent in the first quarter from the prior quarter and 4.3 percent from a year earlier, but price appreciation was the slowest in a decade, the U.S. Office of Federal Housing Enterprise Oversight reported Thursday.
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Average house prices rose 3.2 percent in the second quarter from a year ago, representing the slowest appreciation in a decade, the Office of Federal Housing Enterprise Oversight said on Thursday.
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Although existing homes are selling at their slowest pace in four years, most Americans are confident their homes are worth more now than they were a year ago, according to a survey released on Thursday.
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LONDON (CBS.MW) -- Activity in the UK housing market is continuing to slow, according to data from two major market participants, though a surprise 1 percent rise in house prices in November helped to offset immediate fears of a market crash.
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A slowdown in the housing market drove the White House on Tuesday to lower its forecast for U.S. economic growth for this year and next.
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The pace of existing home sales in  the United States fell by 2.2 percent in December to a  slower-than-expected 4.89 million-unit annual rate, the  National Association of Realtors said in a report on Thursday.
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The annual rate of house price growth falls, despite a slight price gain in December, government figures show.
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US new home sales in July fell 6.4 percent to a 1.134 million annual rate, the year&#39;s slowest pace and a sign housing may provide less fuel for the economy in coming months.
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U.S. manufacturing growth eased in September to its slowest in more than a year, but home sales and construction figures suggested a less abrupt decline in the housing sector than many experts had foreseen.
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UK house-price inflation slowed for a second month in August, suggesting higher borrowing costs are deterring buyers, a survey by property Web site Hometrack showed.
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The monthly figures may provide some relief however, that the UK housing market is not showing signs of a sustained downward trend after last month&#39;s figures showed a drop in prices of 0.1pc from August.
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U.S. housing starts and home sales  should fall short of 2004's record pace, but only slightly as  tame inflation helps sustain low long-term mortgage rates in  2005, Freddie Mac FRE.N economists said on Tuesday.  Frank Nothaft, chief economist at the No. 2 U.S. mortgage  underwriter, said housing starts should decline this year by 1  percent to 2 percent while 30-year mortgage rates are seen  increasing by no more than half a percentage point.
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Stocks slipped on Wednesday following a negative assessment of the housing market from a large home builder and a Federal Reserve report indicated some U.S. regions were seeing slowing economic growth.
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U.S. house prices rose 3.2 percent in the second quarter from a year ago, representing the slowest appreciation in a decade, the housing finance company regulator said.
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Analysts say 12 percent decline points to a slowing in demand because of higher interest rates. By Courtney Schlisserman. US sales of new homes fell 12 percent in November, the sharpest decline in more than
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Down 3.3 percent in the past year, median US home values are still 7.6 percent above 2004 levels.