Home prices fall 3.1% in quarter
- Share via
From Times Staff and Wires
U.S. house prices sank 3.1% in the first three months of 2008 from a year earlier, the second quarterly decline since June after 13 years of increases, according to a government report.
Prices for previously owned single-family homes fell in 43 states, with values in California and Nevada tumbling more than 8%, the Office of Federal Housing Enterprise Oversight said.
The number of mortgage originations is expected to drop 18% this year from 2007, according to the Mortgage Bankers Assn.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
