homes: Home prices fall
- 06/06/07 08:10 AM
US HOME PRICES FALL FOR THE FIRST TIME SINCE 1991 U.S. home prices fall for first time since 1991 By Rex Nutting, MarketWatch Last Update: 12:51 PM ET May 29, 2007 WASHINGTON (MarketWatch) -- U.S. home prices dropped 1.4% in the first quarter compared with a year earlier, the first year-over-year decline in national home prices since 1991, according to the S&P/Case-Shiller index released Tuesday. A year ago, home prices were rising at an 11.5% pace. Prices have been falling for the past three quarters. The Case-Shiller indexes cover three geographical areas. The national index is released quarterly, while the 10-city … (7 comments)
US HOME PRICES FALL FOR THE FIRST TIME SINCE 1991 ;)
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