Third Quarter Slide In House Prices Signals Troubling Times Ahead For U.S. Economy
Integrated Asset Services , LLC (IAS ) (www.iasreo.com), a leader in default management and residential collateral valuations, today released the latest IAS360 House Price Index (HPI). Based upon the most granular data available in the industry, the benchmark for national house prices fell 0.2% during the third-quarter of 2010.
In front of a seasonal slow-down in home sales, the IAS data portend particularly difficult times ahead for the country's housing market and for the U.S. economy overall.
The IAS360 HPI reported house values across the U.S. fell across the ...