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

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发表于 2008-6-4 08:05 | 显示全部楼层 |阅读模式
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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. 7 A( n1 U/ H% j' D
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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.* j  b4 R4 k: o. f6 T

" L) g: C0 g$ p% lPrices 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 2000.9 h0 w; K2 ~1 {
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Two 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.
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4 E1 b4 ?  \3 z; J"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.( x3 q* _- W% \' O

' {; W& Q, t# ~0 `3 d& O( ^0 J0 FNineteen of the 20 metro areas reported annual declines, with 15 of them posting record lows. Six metro areas lost more than 20 percent.* i9 }8 R) {' P( F' F$ u' J& S) ?+ C
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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.& _3 m/ _) @1 K3 D9 x# ^0 @3 d
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Last 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.  s# Y- N, n  v$ I+ o

$ v) x# I% X6 ]( J( y5 Y; 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.
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(This version CORRECTS that 20-city and 10-city metro area figures are for March sted 1st quarter) )
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[ 本帖最后由 水管工 于 2008-6-4 09:20 编辑 ]
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发表于 2008-6-4 09:57 | 显示全部楼层
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