WASHINGTON – U.S. home costs are going down again in most main places after posting small results in the summer and springtime. The report suggests the stressed houses industry remains weakened and won't recover every time soon.
The Standard & Poor's/Case-Shiller catalog released Wednesday revealed costs decreased in October from May in 17 of 20 places followed. That was the first decline after five straight weeks where at least 50 % the places in the study revealed a 30 days results.
A separate catalog for the July-September fraction shows costs were mostly the same from the previous fraction.
Many People are cautious to buy a household more than many years after the recession formally ended. Substantial joblessness, weakened job growth and going down household costs have discouraged many would-be customers. Even the smallest increasing in history haven't been enough to lift revenue.
David M. Blitzer, chairman of S&P's catalog panel, said that while the large cost diminishes seen between 2007 and 2009 appear to be over, household costs are down from the same time last season and do not display signs of reducing.
