Wednesday, August 30, 2006

OC Register - "Housing prices post no growth, according to report" (8-30-06)

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Six of 10 metro areas had declines from May to June, which may signal a deeper slump."

"U.S. single-family house prices showed no appreciation from May to June, dragging down the annual rate of increase and signaling a deeper slump, according to an index of 10 major metropolitan areas."

"The composite year-over-year gain in the Standard & Poor's/Case-Shiller Home Price Index slowed to 8.2 percent in June from 9.7 percent in May, S&P said on its Web site. The index has reflected a deceleration of price gains over the past seven months and is well below its peak of 20.4 percent reached in July 2004."

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