Home Prices Edge Downward
Buying a HomeGlut of Foreclosures Keeps Pressure on Housing Market; Consumer Confidence Jumps Home prices declined in September and are poised for a grim winter as banks step up their efforts to take back and sell foreclosed properties. Prices fell 0.6% from August, according to the widely watched Standard & Poor’s/Case-Shiller index of 20 major metropolitan areas, breaking a five-month run of increases during the spring and summer, when higher sales volumes typically firm up prices. For the third quarter, prices were down 3.9% nationwide compared with a year earlier, a slight […]
