Drop In Home Prices Raises Risk Of Housing 'double-dip'

Drop in Home Prices Raises Risk of Housing 'Double-Dip'

New data reveals home prices in America's biggest cities are on a downward trend that could last through next year — making it more likely the housing market will face another downturn and threaten the overall economy.Inflation Helps Boost Value of Tax DeductionsYOU DECIDE: Have You Saved Enough?

Sections:  news   business   
RELATED ARTICLES
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
BING NEWS:
  • Soaring insurance costs could finally put a lid on home prices, real estate experts say
    Experts said home insurance costs, which have surged nationwide, could keep prices from continuing to climb.
    05/4/2024 - 4:14 am | View Link
  • Home prices aren't falling in the biggest metro areas for the first time in 2 years, Redfin says
    Home prices saw the largest jump in Anaheim, California, with prices rising 20% year-per-year, according to Redfin data.
    05/3/2024 - 4:36 am | View Link
  • Home prices climb 6.4%, hit new record high in February: Case-Shiller
    Home prices kept climbing in February and hit a new all-time record, defying odds that higher mortgage rates might have a more pronounced negative impact on gains, according to the latest S&P ...
    05/1/2024 - 4:22 am | View Link
  • Dallas-Fort Worth home prices rise 3.5% as housing market fends off interest rate pressure
    Dallas-Fort Worth home prices saw an annual gain of 3.5% in February as the national market bucked trends.
    04/30/2024 - 9:09 am | View Link
  • Home prices surge to another record high in February, defying expectations
    Home prices rose to a new record in February amid an ongoing housing shortage, even as high mortgage rates pushed affordability out of reach for more Americans. Prices increased 6.4% nationally in ...
    04/30/2024 - 4:53 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News