... Government "kick-start" the market.But a ten per cent fall in house prices should be a cause for celebration not panic. There's little to be said in favour of soaring house prices ... thousands of pounds to someone who hasn't got a job, or any capital, to buy an over-priced house somewhere no-one wants to live?That's what the banks did to get us into this hole. Now they expect the taxpayer to dig ...

U.S. house prices declined 0.6% in July following June's downwardly revised -0.3%, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Tuesday. The consensus had been looking for a decline of 0.2% in the month. Leading the decline was a 1.1% fall in the Middle Atlantic region, followed by... Read More Now

... , France and Australia."After six years of unsustainable growth, prices have run smack into the affordability wall," says the report. " ... 2002 to late 2007. The report says Canadian prices increased more than twice as fast as income and since peaking in late ... trended moderately lower."Canadian house prices will likely decline moderately further to restore better value," says the report. "The brisk ...

... In Halifax, Montreal, Ottawa, Regina and Winnipeg prices would need to drop by at least 20% to be in balance and in Calgary by 7% ... housing markets here, it noted."There are parallels between the path of house prices in Canadian and U.S. markets," it said.During the U.S ... cities the decline would be relatively moderate.While the study looked at prices for single-family homes, it noted that a concern ...

... to August 2007, the first double digit fall in prices since Q4 1990. In July, those figures were only 1.5% ... Recent activity levels in the housing market have been very subdued. House builders in particular have been reporting significant reductions in site visits ... index in the US, which shows a 15.9% decline in house prices there and the UK looks a bit better. Nevertheless, this news and the recent ...

... housing market shows little sign of improvement US house prices were down a record 15.4% in the April ... problem is excess inventories. They are the mortal enemy of prices." However, other analysts were less downbeat, pointing to the fact that the month- ... 20 of the largest US cities. Those that saw the biggest drop in prices from the second quarter of 2007 to that of this year were the sunbelt cities ...