NAR: Home prices are firming

Real Estate News Blog Headline

Home prices up in half of markets

Roughly half of metropolitan areas continued to show rising home prices in the fourth quarter of 2007, according to the latest quarterly survey by the NATIONAL ASSOCIATION OF REALTORS®. In the fourth quarter, 73 out of 150 metropolitan statistical areas show increases in median existing single-family home prices from a year earlier, including 11 areas with double-digit annual gains and another 12 metros showing increases of 6 percent or more; 77 had price declines including 16 with double-digit drops.

Posted: February 14, 2008

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