The NAR metropolitan home sales report for Q1 came out this morning, and showed some nasty declines. For the most part, falling home prices accelerated sharply in the first quarter, with California getting hit particularly hard.Overall, for the U.S. as a whole, Q1 home prices fell -7.7% from year ago levels. But as California had held up better than most markets for a while, those cities now look like they are playing catch-up on the downside.Here are some of the cities showing the largest declines:-29.2%: Sacramento, CA<[...]
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[Source: The Money Blogs]
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