Foreclosures Crush Home Prices
Home prices continued to plummet during the first three months of 2011. They have fallen 4.6% from 2010 prices. The National Association of Realtors (NAR) reports the U.S. median price dropped to $158,700 for a single-family house. Condo owners took an even bigger hit — 10.4% to $152,900. Read More: