"House prices in America fall yet againTHOSE looking for an end to America's housing bust will have to wait a little longer. Although sales of new homes rose slightly in September, prices are continuing to fall fast. On Tuesday October 28th the S&P/Case-Shiller index of house prices for ten cities showed a record decline of 17.7% in the year to September. The index has now fallen nearly three times as far as it did during the last big dip in 1991. The broader 20-city index has also touched a new low, sinking by 16.6%. Some observers think that house prices could continue to drop until the middle of next year. ..." (2008-10-28)
October 28, 2008
American house prices fall yet again
Rising Housing Costs Outpacing Income
"LOS ANGELES -- The financial squeeze on Americans got tighter over the last decade as the increase in housing expenses far outpaced the growth in incomes, a new study shows.
" (2008-10-11)
October 27, 2008
New home sales soar 2.7 percent
"New home sales post unexpected increase in September as prices fall to lowest level since 2004." (2008-10-27)
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