AP - NEW YORK - U.S. home prices dropped at the sharpest rate in two decades during the first quarter, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen.
Standard & Poor’s/Case-Shiller said its national home price index fell 14.1 percent in the first quarter compared with a year […]

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The worsening housing recession and rising energy costs are real. U.S. stocks are falling extending the market’s biggest weekly retreat since February, on concern a worsening housing recession and rising energy costs will prolong the slump in corporate profits.
The homebuilders in S&P indexes to a sixth- straight decline after the National Association of Realtors said […]

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WASHINGTON (AFP) - Home prices in major US cities slumped an average of 12.7 percent year-to-year in February, a survey showed Tuesday in a sign of even deeper troubles for the ailing housing market.
The Standard & Poor’s/Case-Shiller index of prices in 20 major cities showed a 14th consecutive month of declines, as the market meltdown […]

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AP - WASHINGTON - Sales of new homes plunged in March to the slowest pace in 16 1/2 years as a two-year housing downturn extended into the start of another spring sales season. The median price of a new home in March compared to a year ago fell at the fastest clip in 38 years.
Sales […]

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An influential economist who long predicted the housing market bubble cautioned Tuesday that the slump in the U.S. housing market could cause prices to fall more than they did in the Great Depression and bailouts will be needed so millions don’t lose their homes.
Yale University economist Robert Shiller, pioneer of the widely watched Standard & […]

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WASHINGTON (AFP) - Further Federal Reserve interest rate cuts appeared more likely Wednesday after government reports showed a modest rise in inflation and that the housing market remained mired in a deep slump.
Many economists expect the US central bank to continue its aggressive rate-cutting campaign at a looming two-day meeting on April 29-30, especially as […]

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South Florida’s housing market looks worse now than it did at the end of a brutal 2007.
With the slump staggering into a third year, buyers are having trouble getting home loans because lenders are tightening credit standards, and the surge of mortgage defaults and Foreclosures is adding to the glut of properties already for […]

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The Government now calculates that it will make £800 million less from stamp duty this year than it previously forecast, because of a slump in number of people buying and selling property.
The admission - in footnotes to this month’s Budget - is the most official recognition yet that the credit crunch is deterring people from […]

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