May 16, 2007

Home Prices Fell 2% in First Quarter Nationwide

According to the National Accociation of Realtors, single family homes nationwide fell 2.8% for the 1st quarter 2007. The median price was $216,100.

In the Midwest, prices fell 2.8%. In the East down 2.5%. In the West 1.8%. The NAR feel that the worste of the price correction has already taken place.

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