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U.S. Home Prices Have Smallest Decline in 10 Months

U.S. Home Prices Have Smallest Decline in 10 Months (News (General))

by administrator @, Friday, July 24, 2009, 19:27

July 22 (Bloomberg) -- U.S. home prices had the smallest annual drop in 10 months, signaling the free fall of property values is abating in the three-year housing slump at the center of a global recession.

Prices declined 5.6 percent in May from a year earlier and rose 0.9 from April, the Federal Housing Finance Agency in Washington said today. Economists expected a 0.2 percent drop for the month, according to the median of 16 estimates in a Bloomberg survey.

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u.s., decline homes


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