CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS (mparent7777_1) wrote,
CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS
mparent7777_1

Home prices fall 7.6 percent from year-ago: report

Thu Aug 14, 10:22 AM ET

The value of existing U.S. single-family homes in metro areas fell 7.6 percent in the second quarter compared with the same period in 2007 with homes in the West tumbling 17.4 percent, the National Association of Realtors said on Thursday.

The quarterly survey of metro region prices also showed that prices fell in 115 of 150 metropolitan areas with several California cities seeing deep, double-digit drops in prices.

A metro region including parts of Los Angeles and Long Beach saw home price declines of 29.5 percent while Riverside-San Bernadino measured a 32.7 percent drop from the year-ago quarter.

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Tags: economy, housing
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