Houses prices at lowest level in seven years - Hometrack

Sept. 1, 2008
House prices fell for the eleventh month in a row as the housing slump continues to deepen, Hometrack reported. According to Hometrack’s monthly house price survey, average prices dropped by 0.9% in August, a slower rate than July, when Hometrack registered a 1.2% fall. But over the last 12 months, average prices have decreased by 5.3%. This is the lowest …

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