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Jan. home prices drop the least in five months
Monday, August 24th 2026

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Jan. home prices drop the least in five months

A for sale sign advertising a reduced price on a bank owned home stands in Smyrna, Georgia, U.S., on Saturday, March 21, 2009. The deepening economic slump prompted the Federal Reserve last week to commit as much as $1.1 trillion more to aid the flow of credit. Financing has dried up as lenders try to cut losses following the surge in foreclosures, offsetting a drop in mortgage rates that has made home buying more affordable. Photographer: Chris Rank/Bloomberg News
A for sale sign advertising a reduced price on a bank owned home stands in Smyrna, Georgia, U.S., on Saturday, March 21, 2009. The deepening economic slump prompted the Federal Reserve last week to commit as much as $1.1 trillion more to aid the flow of credit. Financing has dried up as lenders try to cut losses following the surge in foreclosures, offsetting a drop in mortgage rates that has made home buying more affordable. Photographer: Chris Rank/Bloomberg News
By | newsroom@denverpost.com | The Denver Post
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WASHINGTON — U.S. home prices fell 6.3 percent in January from a year earlier, the smallest decline in five months, as lower mortgage rates began to spur demand. The decline was led by a 21 percent drop in the region that includes California, the Federal Housing Finance Agency said Tuesday.

The pace of home-price declines is slowing as cheaper financing lures buyers and helps offset foreclosure sales. A wave of refinancing is likely to boost home-loan originations by $800 billion, the Mortgage Bankers Association said Tuesday. Bloomberg News

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