Home prices in record plunge

By Julie Haviv NEW YORK (Reuters) – Prices of single-family homes plunged a record 17.4 percent in September from a year earlier, according to a key S&P index released on Tuesday. The composite index of 20 metropolitan areas fell 1.8 percent in September from August, according to the Standard & Poor’s/Case-Shiller Home Price Indices, and […]

House price crash goes global

Latvia: House prices have dropped by 24.1% over the past 12 months The property crash that began in the US is spreading across the globe, according to international estate agents Knight Frank, which said today that steep declines are now taking place across Europe and into Asia. The country recording the sharpest fall is Latvia, […]

Four homes – $43,000 lost in four months

Four properties, four months and $43,000 lost. That’s how much the weakening property market has slashed house prices in a Sunday Star-Times valuation investigation. We tracked four case-study houses in Auckland, Hamilton, Wellington and Christchurch, and asked Quotable Value to give us “before and after” estimates of their worth over a four-month period. The value […]

Backlog of US homes for sale is worst on record

By Stephen Foley in New York Tuesday, 26 August 2008 The number of unsold homes on the market in the United States is at levels not seen for at least 40 years, and prices are continuing to slide, according to a disheartening new survey. With participants throughout the financial system saying that the credit crisis […]

Auckland house prices drop over 5pc – report

Auckland’s largest real estate agency group, Barfoot and Thompson, has reported that its average sale price fell 5.3 per cent to NZ$497,479 in July from NZ$525,316 in June as sellers start to to adjust their price expectations. Barfoot and Thompson is the agent for about 40 per cent of house sales in Auckland, New Zealand’s […]