House prices show first annual fall in 11 years
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The pace of existing home sales in   the United States fell for a fifth straight month in August and   prices dropped from year-ago levels for the first time in more   than 10 years, a realtors group said on Monday.
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Property prices in the UK are falling to an extent not seen since the 1990s housing recession, warn surveyors.
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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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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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The slump, which has seen the median price of a home drop 1.7 percent, could last in into the summer of 2007, experts say.
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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 U.S. Commerce Department said on Thursday, underlining the depth of problems facing the housing sector.
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Consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data on Wednesday showed, underlining concerns about the country's economic outlook.
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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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The average price of houses in England and Wales has fallen by nearly Â£4,000 in five weeks, new figures suggest.
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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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Sales of new homes were unexpectedly weak last month, although they climbed off an 11-year low, and orders for long-lasting goods fell, according to data on Thursday that underscored the economy's weakness.
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The slump in home prices in the Washington region is deepening and spreading, according to data compiled for The Washington Post that shows that for the first time, every local county saw a decrease in prices for a significant period of last year.
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US consumer prices  fell by 0.1% in July, the first fall this year, reducing the chances of a September interest rate rise.
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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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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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Home prices in 20 metropolitan areas fell in November for the 11th consecutive month, as foreclosures and a slump in sales added to the glut of unsold properties.
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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.