Star Tribune Wed, 30 Jan 2008 04:27:19 GMT
Housing data deepen the gloom
...The numbers, in three reports released Tuesday, showed that: • More than 1 percent of all U.S. households were in some stage of foreclosure last year, a significant increase, according to RealtyTrac, a housing data firm. • Home values took a major swoon, with prices in a 20-city index tracked by Standard & Poor's declining by a record 7.7 percent in November. The study said Twin Cities-area prices that month were 6.6 percent lower than the year before. • The rate of homeownership saw its biggest one-year drop on record, and the number of vacant homes climbed to 2.18 million from 2.07 million, the Census Bureau reported.
[[keywords: Housing;]]
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