Government index shows record 4.8 percent decline in US home prices in May from a year ago

WASHINGTON: A government report says U.S. home prices fell a record 4.8 percent in May from the same month last year.The Office of Federal Housing Enterprise Oversight also says prices, on a seasonally adjusted basis, fell 0.3 percent from April to May. The index is down almost 5 percent from its peak in April of [...] continue reading world news