Latest News / Operations & Technology

July 31, 2007 - Home Prices Down, Foreclosures Up

July 31, 2007
/ Print / Reprints /
/ Text Size+

Home prices continued to slide down as more and more homeowners face foreclosure.

Home prices in 20 major cities across the country fell 2.8 percent in May to the lowest levels in six years, according the S&P/Case-Shiller index released today.

The group’s 10-city index, which has a longer track record, fell 3.4 percent in May, the biggest drop since 1991.

Prices in Detroit fell the most, down by 11.1 percent, followed by San Diego, down 7 percent. On the other hand, home prices in Seattle increased the most by 9.1 percent, followed by Charlotte, N.C., up 7 percent.

Meanwhile, U.S. home foreclosure filings rose 58 percent in the first six months of the year and could surpass 2 million this year, according to RealtyTrac. At this rate, the online reporting service for foreclosure properties says there is one filing for every 134 households.

Did you enjoy this article? Click here to subscribe to Supply House Times.
You must login or register in order to post a comment.



Image Galleries

BNP Media's Plumbing Group Visits Grundfos North American Headquarters

BNP Media’s Plumbing Group, comprised of the Plumbing & Mechanical, Supply House Times, PM Engineer (pme) and Reeves Journal brands, recently visited Grundfos’ new North American headquarters building in the western Chicago suburb of Downers Grove, Ill.

8/26/14 1:00 pm EST

Free Webinar: Low Temperature Heat Emitter Options in Hydronic Systems

With proper design, you can create systems that require supply water temperatures no higher than 120° F under design load conditions.

Supply House Times

August 2014

2014 August

In the August issue of Supply House Times, see what NetworkASA 2014 has to offer in terms of education and networking within the industry. WIT & Co. are celebrating a milestone, read about the 2014 SWA Convention, and see what classes the ASA Education Foundation has to offer. Also, discover the latest products and technologies in the supply chain/distribution industry.
Table Of Contents Subscribe

Supply House Times Poll

Back to School

It’s back-to-school time, how do you stay knowledgeable on the industry:
View Results Poll Archive

The Supply House Times Store

2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

CS-OflRGBhomepage.jpgWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Premier 125

Premier 125 button

The information SUPPLY HOUSE TIMES uses to rank the Premier 125 is the most accurate we can gather. It is primarily based on responses to a questionnaire we send to the wholesalers in our database, supplemented with information obtained from industry reports and estimates.


facebook Twitter Updated icon Youtube Updated icon    LinkedIn Updated icon  Google+