Thursday, February 11, 2010

Median home price rises in q4 2009

A story in USA Today quotes the National Association of Realtors as saying that the median sale price for resale homesrose in 67 out of 151 metropolitan areas in Q4 of 2009, a sharp increase over the previous year
The national median price for a home was $172,900, and it was the smallest price decline in more than two years.
Real Estate analysts fear that the end of the homeowner tax credit may signal another decline, and there is also a fear that more homeowners who are hanging onto their homes could yet default, creating another wave of price declines.

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