UK Landlord Forum / Life

US house prices are falling at a record rate, intensifying fears that the sub-prime mortgage crisis has led to a more widespread housing slump that could further weaken America's economy.

The Standard & Poor's/Case-Shiller index of 10 metropolitan areas fell 6.7pc compared to October 2006, a record decline. The previous biggest fall was a 6.3pc drop recorded in April 1991 just after the recession of the early 1990s.

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=UAZTMYB35DZGVQFIQMGSFFWAVCBQWIV0?xml=/money/2007/12/27/cnushome127.xml

Buying in America could be extremely tempting at this rate...not that I would.