Housing prices drop in most of American cities

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

In 3rd quarter home prices declined in about 75% of US cities as hampering economy discourage customers. According to report of National Association of Realtors, median price for family house sunk in 111 out of 115 metropolitan areas. Biggest drops were observed in Alabama, Pennsylvania and Phoenix where prices lost 18%. Conference Board survey claims Americans become more sceptic towards property purchases amid economic slowdown.

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