U.S. Home Prices Show Record Decline

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Mortgage analytics firm Black Knight has released a new report revealed that U.S. housing has declined by 0.98 percent in August, after falling 1.05 percent in July. There hasn’t been such a sharp decline since January 2009 when the country was in the midst of a financial crisis. The declines come after two years of “record-breaking growth,” Black Knight president Ben Graboske remarked.  The U.S. housing market saw over 10 years’ worth of appreciation condensed into the two and a half years prior to the recent declines.