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Median home prices drop in many cities
Sacramento sees 29.2% drop
Martin Crustinger, AP
Published: May 14, 2008 06:04
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Excerpt: {magazine_leadin}WASHINGTON (AP) — Median home prices fell in two-thirds of the cities surveyed during the first three months of this year while sales declined in 46 states compared to a year ago, according to the latest report highlighting the depth of the nation’s housing woes. The National Association of Realtors said Tuesday that median prices for existing single-family homes dropped in 100 of 149 metropolitan areas in the January-March period, while 48 metropolitan areas saw price increases and one reported no…
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