S&P: US home prices tumble a record 14.1 pct in 1Q

水管工

NEW YORK - U.S. home prices dropped at the sharpest rate in two decades during the first quarter, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen.

Standard & Poor's/Case-Shiller said its national home price index fell 14.1 percent in the first quarter compared with a year earlier, the lowest since its inception in 1988. The quarterly index covers all nine U.S. Census divisions.
) w* h2 e# I( n( Z( T
& o3 K- f) O: E9 G0 OPrices nationwide are at levels not seen since the third quarter of 2004, according to Maureen Maitland, a S&P vice president. However, the index is still up 60 percent versus 2000.
2 ]$ w" a2 a1 {4 P1 B9 p- S2 G5 H
8 o* Z0 R* O; ?. e3 gTwo narrower indices set record declines in March versus the previous year. The 20-city index tumbled 14.4 percent, the lowest since that index was started in 2001. The 10-city index plunged 15.3 percent, a record in its 20-year history.

  c8 @* m+ I7 S* }5 V" \"There are very few silver linings that one can see in the data. Most of the nation appears to remain on a downward path," said David Blitzer, chairman of S&P's index committee.
9 [( J8 {) y4 |" M. L4 H
Nineteen of the 20 metro areas reported annual declines, with 15 of them posting record lows. Six metro areas lost more than 20 percent.
4 Z& e7 |* g7 `  |
" r1 c3 O' @" V5 U  T% C2 xLas Vegas had the worst performance in March, falling 25.9 percent from a year earlier, followed by Miami and Phoenix. Only Charlotte, N.C., stayed above water, gaining less than 1 percent over the previous year.
2 i. t! X) ~0 p$ D
7 K6 H0 i9 p0 C4 u. {5 yLast week, the Office of Federal Housing Enterprise Oversight said home prices fell 3.1 percent in the first quarter, the largest drop in its 17-year history and only the second quarter of price declines recorded.

The OFHEO index is narrower in scope and is calculated using mortgages of $417,000 or less that are bought or backed by Fannie Mae or Freddie Mac. That excludes properties bought with some of the riskier types of home loans.
0 {$ C$ \. }* W& W
(This version CORRECTS that 20-city and 10-city metro area figures are for March sted 1st quarter) )

[ 本帖最后由 水管工 于 2008-6-4 09:20 编辑 ]

yj151