Home-price declines still widespread in Q3

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					Home-price declines still widespread in Q3
Anonymous
Mortgage Banking; Dec 2009; 70, 3; Docstoc
pg. 12




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Description: The National Association of Realtors, Chicago, reported that 123 out of 153 metropolitan statistical areas posted lower median existing single-family home prices. The national median price for existing single-family homes plummeted to $177,900 in the third quarter. Meanwhile, the pace of existing-home sales in the third quarter of 2009 continued to rise and was 5.9% ahead of the annual pace set in last year's third quarter. Some metro areas saw double-digit gains in prices for existing homes during the third quarter.
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