Housing Crisis, Home Prices | featured news

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?

Slower rate suggests some parts of the housing market could be stabilizing, index shows.

US house prices continued to fall in February, but the rate of decline in some markets is slowing, a leading index says.

A widely watched index shows American home prices dropped by the sharpest annual rate on record in January.

A widely watched home price index, released Tuesday, showed prices tumbled by the sharpest annual rate on record in the fourth quarter and in December.

Prices of existing U.S. single-family homes dropped a record 12.4 percent in the fourth quarter from a year earlier to the lowest level since 2003, the National Association of Realtors said on Thursday.

Sales of existing homes posted an unexpected increase last month, closing out the worst year for the U.S. real estate market in more than a decade on a surprising up note.