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Home prices fall in major US cities

Home prices fall in major US cities

Home prices are falling across most of America's largest cities, and average prices in eight major markets have hit their lowest point since the housing bust.

 

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?

 

October home prices down for 4th straight month

U.S. single-family home prices fell for a fourth straight month in October pressured by a supply glut, home foreclosures and high unemployment, data from a closely watched survey showed on Tuesday.

 

Home prices falling faster in most metro areas

Prices in San Francisco and Los Angeles, which had been increasing, both fell in August from July. Home prices are falling faster in the nation's largest cities, and a record number of foreclosures are expected to push prices down further through next year.

 

Stocks Are Mixed on Earnings Worries

Stocks Are Mixed on Earnings Worries

Shares were down after a disappointing report on home prices. Traders also took in a mixed batch of earnings in the United States and Europe.

 

Home prices rise in June, but a drop may be looming

The Standard & Poor's/Case-Shiller index shows a modest 1% gain over May figures, with prices in Los Angeles, San Diego and San Francisco increasing.

 

Foreclosures up in 75 percent of top U.S. metro areas

Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.

 

Consumer confidence dims as home prices advance

Consumer confidence sank in July to its lowest since February on job market worries, underscoring the slow path to economic recovery, and home prices rose in May but without signs of a sustained rebound, reports released on Tuesday showed.

 

Pregnant? No mortgage for you, lenders say

Pregnant? No mortgage for you, lenders say

As if expecting parents didn’t have enough things to worry about, here comes another thing to fret over: their dimming prospects of buying a home for their growing families.

A New York Times article published Tuesday reported that a pregnancy has become a potential deal-breaker when it comes to securing a home mortgage, even though mortgage rates are the lowest they’ve been in 50 years and home prices are falling.

Senh: With banks being so strict nowadays, even if you weren't pregnant, you'll have a tough time buying a house.

 

Home prices rise in 20 major cities as buyers rush to obtain tax credit

A 3.8% increase in April compared with the same period last year is the third straight month of appreciation but analysts say prices are likely to drop again with the end of the tax credit. L.A., San Diego see gain of 0.7%.

Home prices in 20 major cities gained ground for the third consecutive month in April when compared with their year-earlier levels.

 

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