Looks like the nation's median home prices fell hard during the first quarter of 2008. According to a report in USA Today, median home prices across the nation dropped 7.7% from Q1 2007 to Q1 2008. Sixty-seven percent of the 149 metro areas reviewed saw price declines, the highest declines since NAR began recording data in 1979.
The Western states seem to be struggling the most, suffering an average 12.3% drop in median home prices where overbuilding, sub prime lending and speculation were most prevalent.
According to the data, Tucson's median home price in Q1 2008 fell 8.8% from Q1 2007.
The Western states seem to be struggling the most, suffering an average 12.3% drop in median home prices where overbuilding, sub prime lending and speculation were most prevalent.
According to the data, Tucson's median home price in Q1 2008 fell 8.8% from Q1 2007.
1 comment:
Thanks for sharing...
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Julie
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