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Home prices drop in three-fourths of U.S. metro areas as foreclosures rise

Posted on 11 May 2011

Patrick NewportHome prices fell in more than three- fourths of U.S. cities in the first quarter as foreclosures that sell at cut-rate prices devalued real estate.
The median price of a single-family home dropped in 118 metropolitan areas out of 153 cities measured, the National Association of Realtors said in a report today. The biggest decline was in Biloxi, Mississippi, followed by Akron, Ohio……………………………………….Full Article: Source


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