Regions Midatlantic
Housing Prices Fall Most in Philadelphia, Las Vegas
May 9, 2008

The largest three-month declines for house prices occurred in Las Vegas and Philadelphia, off 5.1 percent and 4.5 percent, respectively, according to the Altos 10-City Composite Price Index. Overall, in the United States, the index showed a decline in asking prices of 0.9 percent over the past three months and continued that decline in April with a decrease of 0.6 percent for the month. List prices for houses fell at the fastest rate in Las Vegas - down 2.7 percent during April. Prices of properties listed for-sale fell in only 7 of 25 major markets, according to the Real-Time Real Estate Report, jointly published by Altos Research and market analysis consultancy Real IQ.

 
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