Tuesday, October 26, 2010
US house prices fall again in August
US house prices began falling again in August after the expiry of homebuyers' tax credits, a survey suggests. Prices were down 0.3% versus the previous month, on a seasonally-adjusted basis, according to the Case-Shiller index of 20 major US cities. The data - which is actually an average of house prices during June, July and August - was lower than expected. Separately, figures showed US consumer confidence rose in October, although it remains at historically low levels.