Home prices peaked in the US five years ago. Here is a look at the key issues affecting home prices as the spring real estate market approaches.
US home prices fell 1 percent in November compared with the previous month, according to a widely followed 20-city index released by Standard & Poor's Tuesday. It's the latest sign that, five years after home prices peaked, the housing market remains an important weak link in the economy. Still, housing experts say 2011 could be a pivotal year when home prices bottom out and a more stable environment begins to emerge. Here's a look at the key issues.
Retail sales rose and fell with the housing boom and bust. Now, however, they're holding steady as home prices fall.
According to one real-estate website, the value of the White House has fallen from $332 million in 2007 to $252 million today. There are no plans to sell it, however.
Republicans want to privatize Fannie Mae and Freddie Mac, the mortgage giants at the heart of the financial meltdown. But bad news on house prices has them delaying grand plans.
Online shopping posted growth of 15.4 percent this season compared with last year, a new report finds. Overall, consumers spent 5.5 percent more between Nov. 5 and Dec. 24.