WASHINGTON - U.S. home prices posted their sharpest first-quarter decline since the government began tracking the data 17 years ago.
The Washington-based Office of Federal Housing Enterprise Oversight said Thursday that home prices fell 3.1 percent in the first quarter compared with last year. The index also fell 1.7 percent from the fourth quarter of 2007 […]
Gov’t home price index posts largest drop in 17-year history
May 22nd, 2008 · Permalink
Tags: economy · gloom & doom · national
Housing tsunami hits market
April 27th, 2008 · Permalink
A tidal wave of unsold properties is threatening to crash over the housing market this winter, potentially causing a washout of prices.
The wave has been building for several months as the number of properties being listed for sale has remained relatively constant but the number being sold has fallen dramatically.
Unfortunately the wave does not appear […]
Tags: global · gloom & doom
History of the Housing Market - ABC News
April 11th, 2008 · Permalink
Tags: gloom & doom · video
Seattle housing market posts first year-to-year drop since 1991 (KNDO/KNDU Tri-Cities)
March 26th, 2008 · Permalink
SEATTLE (AP) - For the first time since 1991, a key index shows the Seattle-area housing market has registered a year-to-year decline in prices.
According to the Standard & Poor’s S&P/Case-Shiller Home Price Indices, the price of a typical house in King and Snohomish counties was down 1.3% in January compared with a year ago.
From December […]
Tags: Washington · gloom & doom
Seattle housing market posts first year-to-year drop since 1991 (Seattle Times)
March 26th, 2008 · Permalink
For the first time since 1991, a key index shows the Seattle-area housing market has registered a year-to-year decline in prices.
Article Source
Tags: Washington
US home prices slide 10.7 percent in major markets
March 25th, 2008 · Permalink
AFP - WASHINGTON (AFP) - Home prices slumped 10.7 percent from a year ago in major US cities as more air came out of the housing bubble, according to a survey released Tuesday.
The Standard & Poor’s/Case-Shiller index of prices in 20 major cities showed steep declines in the major markets, especially those that benefited […]
Tags: gloom & doom · national
Soft housing market leads to layoffs, closures at 84 Lumber (BizJournals)
March 21st, 2008 · Permalink
With the housing market’s ongoing decline, 84 Lumber Co. continued its retrenchment this week by laying off 19 people and leaving a number of positions unfilled.
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Tags: Pennsylvania
Economic Report: Payrolls fall by 63,000 in February, suggesting recession
March 7th, 2008 · Permalink
WASHINGTON (MarketWatch) — In the clearest suggestion yet of a recession, U.S. nonfarm payrolls fell by 63,000 in February, the second straight decline, the Labor Department reported Friday.
“Turn out the lights the party’s over,” wrote Joseph Brusuelas, U.S. chief economist for IDEAglobal. “We are in a recession.”
It was the largest drop in payrolls since March […]
Tags: economy · gloom & doom · national
