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Home prices decline in NYC area, rise in Boston

Posted on 10 November 2011

Patrick NewportHome values fell in almost three- fourths of U.S. cities in the third quarter as a slowing economy deterred buyers. The median price of a single-family home decreased from a year earlier in 111 metropolitan areas out of the 150 measured, the National Association of Realtors said in a report.
The biggest declines were in Allentown, Pennsylvania; Mobile, Alabama; and Phoenix, where the median price tumbled 18 percent. Prices in Salt Lake City dropped 15 percent………………………………………..Full Article: Source

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