Real Estate News

This is no shock, but as a whole, US home values dropped 5.8% during 2009. They’ve likely dropped this year as well.

Median housing value fell 5.8 percent in 2009, to $185,200 from $196,700 in 2008, the U.S. Census Bureau reported, according to data obtained from the American Community Survey ACS.Of 366 metro areas, Merced, Calif., experienced the biggest drop 34 percent, while Hattiesburg, Miss., saw the biggest gain 19.7 percent. Among the 50 largest metro areas, half of the 10 with the highest median property values were in California Real Estate: San Jose-Sunnyvale-Santa Clara $638,300, San Francisco-Oakland-Fremont $591,600, Los Angeles-Long Beach-Santa Ana $463,600, San Diego-Carlsbad-San Marcos $417,700 and Sacramento-Arden-Arcade-Roseville $298,000.

via Median housing value fell 5.8% in 2009 | Inman News.