August 15, 2006

Home Prices In Deep Freeze

Home Prices In Deep Freeze

 

After several years of turbo-powered growth, home prices have gone into a stall, according to the latest prices released Tuesday.

 

Nationally, the median home price rose just 3.7 percent to $227,500 from last year's second quarter to this year's, according to the National Association of Realtors.

 

It was the second consecutive quarter in which home prices failed to repeat the gains of more than 10 percent recorded throughout 2005.

 

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