Home prices decline slightly in 2012

May 2012
Furniture/Today;5/21/2012, Issue 36, p76
Trade Publication
The article focuses on the 2.8 decline on the prices of existing single-family homes in the U.S. during the first quarter of 2012. It says that the Midwest shows median home price drop 4.9% to 125,300 dollars, while the West and the South drops 3.9% to 196,200 dollars and 2.2% to 143,600 dollars, respectively. National Association of Realtors (NAR) chief economist Lawrence Yun notes the volatility in home prices due to sudden upswings of consumer spending in other localities. INSET: Second-home sales on the rise.


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