Home prices appear to be stabilizing as demand for higher-priced homes picks up and distressed properties, still a large part of the market, are no longer changing hands at the deeply discounted prices of a year ago.
Overall, home prices declined 0.7% in the first quarter of 2010 to an average of $166,100, the lowest first-quarter national median price since 2002, when the average was $158,600 according to a report by the National Association of Realtors. However, there was wide variation by region, with median prices up 9% in the Northeast and down 8% in West.
And the number of metropolitan areas where median prices are rising, instead of falling, grew for the fourth consecutive time. In the latest quarter, prices gained in 91 of the 152 metropolitan areas tracked by the Realtors compared to 67 in the fourth quarter of 2009 and 30 in the third quarter.
Click to read: Home Prices Stabilizing...
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment