Home Prices Fall in Half of U.S. Cities, Realtors Say

[Timna]

Home Prices Fall in Half of U.S. Cities, Realtors Say
By Kathleen M. Howley - Nov 11, 2010 10:51 AM ET

Home Prices Fall in Half of U.S. Cities, Realtors Say

Home prices fell in half of U.S. cities in the third quarter as banks stepped up repossessions of properties in default.

The median price of a single-family home dropped in 76 of 155 metropolitan areas measured, the National Association of Realtors said in a report today. Prices in Ocala, Florida, slumped 20 percent for the biggest decline. Palm Bay, Florida, and Tucson, Arizona, followed with a 15 percent slide. The median U.S. price fell 0.2 percent to $177,900.

Home Prices Fall in Half of U.S. Cities, Realtors Say - Bloomberg

[Suzanne]

I heard on television that a lot of people have negative equity in their homes due to the continuing fall of home sale prices.