Article: US Home prices drop for third straight quarter
Posted: Tue May 15, 2007 6:36 amU.S. home prices fell for their third straight quarter, according to an industry report released Tuesday.
The median price of a single-family home fell 1.8 percent to $212,300 for the three months ended March 31, compared with the first quarter of 2006, according to the National Association of Realtors (NAR).
It was the third consecutive quarter of declines for a 6.5 percent drop from when home prices peaked at $227,100 in 2006.
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But, of course, Seattle is special