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Spring buying boosts home prices in U.S. cities
WASHINGTON — Spring buying pushed home prices up for a third straight month in most major U.S. cities in June. But the housing market remains shaky, and further price declines are expected this year. The Standard & Poor’s/Case-Shiller home-price index showed Tuesday that prices increased in June from May in 19 of the 20 cities […]
New home sales fall, but prices rise slightly
WASHINGTON— Fewer people bought new homes in June, evidence that the housing market remains weak. Sales of new homes fell 1 percent last month to an annual rate of 312,000, the Commerce Department said Tuesday. That’s less than half the 700,000 that economists say is typical in healthy markets. Last year was the worst for […]
Home-price index at lowest point since 2006 bust
WASHINGTON — Home prices in major areas have reached their lowest level since the U.S. housing bubble burst in 2006, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy. Prices fell from February to March in 18 of the metro areas tracked by the Standard & […]
Case-Shiller index home prices falling faster in biggest U.S. cities
NEW YORK — Home prices are dropping in the nation’s largest cities and are expected to keep falling next year, as fewer people purchase homes and millions of foreclosures come on to the market. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday fell 1.3 percent in October from September. All cities recorded monthly […]
Home price index falls 0.2 pct. in August
WASHINGTON — Home prices are weakening around the country, even in metro areas that were showing strength earlier in the year. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday fell 0.2 percent in August from July. Fifteen of the cities showed monthly price declines. Prices are expected to drop further in the coming […]
