Pursuits

Home Prices Decline in Almost Three-Fourths of U.S. Cities

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By Kathleen M. Howley

August 10, 2011 at 3:58 PM UTC

This article is for subscribers only.

Home values fell in almost three-fourths of U.S. cities in the second quarter as foreclosures that sell at cut-rate prices devalued real estate.

The median price of a single-family home declined in 109 metropolitan areas out of 150 measured, the National Association of Realtors said in a report today.