HomePrices
Ben Bernanke says declines in home prices have forced many Americans to cut back sharply on spending warns that the trend could continue to weigh on the economy for years. The Federal Reserve chairman drew the connection between home values and consumer spending, which fuels 70 percent of economic activity, on Friday during a speech to the National Association of Home Builders in Orlando.
Home Prices Dropped in November in Most US Cities
10:00AM 1/31/2012
U.S. home prices fell for a third straight month in nearly all cities tracked by a major index. The declines show that most homeowners are not reaping the benefits from some signs of an improving housing market. Prices dropped in November from October in 19 of the 20 cities tracked, according to the Standard & Poor's/Case-Shiller home-price index released Tuesday.
Survey: Home Prices Down in Most Major US Cities
10:20AM 12/27/2011
U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy and weigh on the broader economy in 2012. The Standard & Poor's/Case-Shiller index released Tuesday showed prices dropped in October from September in 19 of the 20 cities tracked.
The year-end housing news is sobering: U.S. homes are expected to lose more than $681 billion in value in 2011. But there's an upside: That's 35% less than the $1.1 trillion lost in 2010, according to research from Zillow.
Survey: Home Prices Down in Most Major US Cities
9:08AM 11/29/2011
U.S. home prices are falling again in most major cities after posting small gains over in the summer and spring, the latest evidence that the troubled housing market won't recover any time soon. The Standard & Poor's/Case-Shiller index shows prices dropped in September from August in 17 of the 20 cities tracked.
Median Home Prices Fall for 3Q in Most US Cities
11:07AM 11/09/2011
Home prices dropped in nearly three quarters of U.S. cities over the summer, dragged down by a decline in buyer interest and a high number of foreclosures. The National Association of Realtors says the median price for previously occupied homes fell in the July-September from the same period last year in 111 out of 150 metropolitan areas tracked by the group.
Home Ownership: Still the American Dream?
10:15AM 11/09/2011
Here's more evidence that the foreclosure crisis has changed the way we think about home ownership's place in the American dream. Nearly half of those polled in a newly released survey said that owning a home today was a "nightmare."
But not all polls reflect such a pessimistic view.
Survey: Home Prices Up in Half of Major U.S. Cities
11:30AM 10/25/2011
Home prices rose in August in half of major cities measured by a private survey, a sign that prices are stabilizing in some hard-hit portions of the country. The Standard & Poor's/Case-Shiller index showed Tuesday that prices increased in August from July in 10 of the 20 cities tracked.
5 Reasons Why Your Home Will Be Worth Less in 3 Years
1:30PM 9/01/2011
Real estate bulls are relishing this week's fresh housing data: The Case-Shiller Index showed a 3.6% sequential uptick during the second quarter. Good news, to be sure, but home prices still fell during the first half of the year, and the trends in real estate don't look good for homeowners.
Poverty's Not Just for Cities: America's 10 Poorest Suburbs
6:30AM 8/16/2011
Poverty has been rising even faster in the suburbs than it has in cities -- about five times faster, according to the Brookings Institute. To help understand this phenomenon, 24/7 Wall St. has analyzed the 10 metropolitan areas with the highest rates of poverty in their suburbs.
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