Monday, January 28, 2008
Hometrack: -0.3% in Jan
Housing market research company Hometrack said house prices in January rose 2.3 percent on a year ago, down from 3 percent in December and the weakest rate since June 2006. On the month, prices fell 0.3 percent, the fourth consecutive monthly fall. The average time to sell a home rose to 8.5 weeks - the highest since the survey began in 2001.