US house prices fall at fastest rate in two years - Case-Shiller Home Index | This is Money
US house prices have taken a turn for the worse with values falling at their fast rate since 2009 and the height of the banking crisis.
The latest S&P/Case-Shiller Home Price Index today revealed the annual rate of decline in the final months of 2010 was 4.1% - the fastest rate since the third quarter of 2009 when prices were falling at an annual rate of 8.6%.
The fall for the three months of 2010 was 3.9% which would equate to an annual fall of more than 15% if sustained.
The index also records changes in 20 American cities - 18 recorded annual falls in December with San Diego and Washington DC the only areas to post annual rises, up 1.7% and 4.1%, respectively.
Overall, house prices are now at a level last seen in 2003 and the 20-city index is 31% below its peak.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment