In 80 Percent of U.S. Cities Home Prices Fall. So-Cal even 41 Percent From Peak

by admin on November 19, 2008


 Powered by Max Banner Ads 

Home Prices Tumble in 80 Percent of U.S. Cities

43458225 In 80 Percent of U.S. Cities Home Prices Fall. So Cal even 41 Percent From PeakHome prices fell in four out of every five U.S. cities in the third quarter, a record spurred by distressed foreclosure sales across the country.

The median price of a U.S. home declined 9 percent from a year earlier and sales of properties with mortgages in default accounted for at least a third of all transactions, the Chicago- based National Association of Realtors said today. Prices fell in 120 U.S. metropolitan areas, rose in 28 and were unchanged in four, the biggest share of declines in data going back to 1979.

Read the rest of this story at Bloomberg

Read the full story about Southern California home prices falling by 41% since peak at latimes.com

Related posts:

  1. Home Prices Fall in 23 of 25 U.S. Metropolitan Areas
  2. Big Pharma Quietly Hikes Drug Prices 100 Percent or More
  3. Traders predict house prices in UK will fall by 50% in four years
  4. Foreclosures Now One in Five Home Sales
  5. Tight credit, financial chaos slam auto sales. Ford, Toyota down over 30 percent

Leave your comment

Required.

Required. Not published.

If you have one.


Warning: array_filter() [function.array-filter]: The first argument should be an array in /home/matador9/domains/matador94.nl/public_html/wp-content/plugins/wordpress-tweaks/tweaks.php on line 650