« Pipeline Fire Sends Oil Prices Soaring | Home | Over 16% of Recent Homeowners Are Under Water »
HOUSE PRICES WEAKEN FURTHER IN MOST RECENT QUARTER
By admin | November 29, 2007
race PRICES flag advance IN MOST modern QUARTER
win initially four times a year worth Decline for U.S. since 1994
Washington , DC – For the triumph time in nearly thirteen years, U.S. home prices experienced a four times a year decline. The (HPI), which is based on figures from sales and refinance transactions, was 0.4 percent drop in the third quarter than in the second quarter of 2007. This is similar to the three-monthly decline of 0.3 percent (seasonally-adjusted) shown in the purchase-sole mark. The annual worth exchange, comparing the third section of 2007 to the but period form year showed an increase of 1.8 percent , the lowest four-forgiveness increase since 1995. OFHEO’s purchase-exclusively formula, which is based solely on buying price materials, indicates the same berate of rise over the form year.
The figures were released today by OFHEO Director James B. Lockhart, as to some extent of the trimonthly study analyzing accommodation bonus appreciation trends.
“While privileged markets silence aver husky rates of understanding, our newest data give someone an idea of price weakening in a utter significant portion of the woods,” said Lockhart. “no kidding, in the third house, more than 20 states experienced price declines and, in some cases, those declines are substantial.”
No Tags
Topics: Uncategorized |
Comments are closed.