Home prices across the country rise in the 4th quarter, drop in California cities
1 year ago
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The National Association of Realtors reports: single-family median home prices increased 4% in the fourth quarter from a year ago to more than $378,000.
But researchers found that a few markets saw double-digit price drops.
For example, San Jose, California, was the most expensive place to purchase a home in the U.S. in the fourth quarter. But the median price in that market of $1.5 million dollars is down 5.8% from a year ago.
San Francisco had the biggest price drop in the country, down 6.1% from a year ago.
Other areas seeing a drop in home prices include: Los Angeles, Anaheim, California and Boulder, Colorado.
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