Home Prices Drop Most in 17 Years - Hitting 43 States
Almost no state is immune from the drop in home prices that is sweeping back and forth across the United States where in the first quarter home prices in total dropped 3.1 % in the first quarter and 0.45% in the 4th quarter of 2007. The price drops have swept the country from Boca Raton to San Diego to Las Vegas to Corpus Christi real estate and back again.
Prices fell in 43 states, with California and Nevada showing the biggest declines. Home prices dropped by more than 8 percent in those states.
