South Florida Home Prices Drop 16.9%, Miami Real Estate
National Association of Realtors said Tuesday; the median sales price for South Florida single-family homes fell 16.9% from a year earlier in the third quarter.Sales of properties with mortgages in default accounted for at least a third of all transactions: Nationwide, prices were down 9%.
In four out of every five U.S. cities, in the third quarter, home prices fell; a record spurred by distressed foreclosure sales across the country. In 120 U.S. metropolitan areas prices fell, prices rose in 28 and were unchanged in four, the biggest share of declines in data going back to 1979.
Full Article...South Florida Home Prices, Miami Real Estate
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