Thursday, March 22, 2012
U.S. Home Prices Have Smallest Decline in More Than 2 Years
U.S. home prices fell 0.8 percent in January from a year earlier, the smallest decline in more than two years, as the U.S. property market begins to stabilize.
The region that includes Massachusetts and Connecticut led the decline, falling 3.5 percent, the Federal Housing Finance Agency said today in a report from Washington. In the area that encompasses North Dakota and Minnesota, prices jumped 5.2 percent, the only region to show an increase over January 2011. Read More...