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.

- y, a# R, z; f8 A' F' V$ F- [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.
" t5 L. U0 n  V. O5 L3 }, E' J
Prices 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.

; V0 _  w8 F' N! v) Q/ mTwo 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.

% {2 d& D6 ?% U. C: j4 m" B; f- G; Y"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.

/ y% e$ g% f2 p0 kNineteen of the 20 metro areas reported annual declines, with 15 of them posting record lows. Six metro areas lost more than 20 percent.
6 _: T  ^. i9 G, U
Las 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.
$ \( x- w& c( N' P! E
1 m! M8 O% `/ wLast 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.
9 N' ]  r8 }+ y7 B; g
$ r" @, P0 z0 f4 c4 N# jThe OFHEO index is narrower in scope and is calculated using mortgages of $417,000 or less that are bought or backed by Fannie Mae or Freddie Mac. That excludes properties bought with some of the riskier types of home loans.
  w+ a$ q" ~0 H0 h
(This version CORRECTS that 20-city and 10-city metro area figures are for March sted 1st quarter) )
2 z! `5 w! L8 C' O" e0 a
! Q6 G+ e) X- A: P2 I. r[ 本帖最后由 水管工 于 2008-6-4 09:20 编辑 ]

yj151