Lawrence Yun

Home Prices Post First Annual Decline in At Least 40 Years 

(Update 1; added NAR data duration and conference call) Let’s start with the real news in today’s NAR existing-home sales report: the median existing single-family home price was $206,500 in December, down 6.5 percent from a year earlier. The drop represents the first time in at least 40 years that median national home prices have fallen on an annual basis.