Year-over-year prices may have fallen at a record pace, but there are signs of improvement.
NEW YORK (CNNMoney.com) -- Median home prices fell a record 15.6% during the three months ended June 30, compared to the same period in 2008, according to an industry report.
There is good news though: The survey from the National Association of Realtors reported the median home price rose 4% compared to the first quarter of 2009 -- to $174,100 from $167,300.
The increase in median price was not a surprise, representing, as it did, the traditionally strong spring selling season. But the jump did offer the prospect that the worst of the price declines may be behind us.
GO GERE to read more from CNN.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
Funny, we don't see assessments & taxes falling...at any rate.
Our property value fell 1.9% in 30 days, according to an internet based assessment base.
Really nice post about home improvement.
i was looking for such post.
thanks for the posting.
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