|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
02nd of April 2011
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  


Property News feed Property News

All Financial News feed All Financial News



March 29, 2011    

US house prices continue to fall

Bookmark and Share

by Kay Murchie
US house prices continue to fall

The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas fell in January – the seventh consecutive monthly decline.

According to the index, house prices were 0.2% lower in January with prices at their lowest for 11 years in four cities.

The S&P/Case-Shiller index for 20 main US cities fell by 3.1% on an annual basis.

Prices in only two metropolitan areas saw gains with Washington and San Diego reporting growth over the year.

Commenting on the figures, David Blitzer, index committee chairman at S&P, said: “The housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery.

“Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future,” he added.

Discuss this in the Finance Markets forums

Story link: US house prices continue to fall



Financial Services:





Related financial stories to: US house prices continue to fall:
Previous: «
Next: »

Visited 560 times, 6 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: 20 metropolitan areas, , , , , , Standard & Poor’s/Case-Shiller composite index,