U.S. housing prices declined slightly in August after rising in June and July, according to Integrated Asset Services, which provides property valuations for banks that are selling the real estate they own.
Nationwide, home prices declined 0.2 percent in August compared to a 0.9 percent increase in July. They fell 11.6 percent compared with August 2007.
Home prices were weakest in the western states, falling 18 percent year over year, pulling down the national average. They declined 2.3 percent in the Midwest.
In the Northeast, home prices rose 3.9 percent year over year, and the South was up 0.2 percent.
Source: Reuters News and Integrated Asset Services (10/14/2008)
Bennington VT Real Estate, Buying, Selling
Reprinted fromÂ REALTORÂ® Magazine OnlineÂ with permission of the NATIONAL ASSOCIATION OF REALTORSÂ®. Copyright 2008. All rights reserved.