Lancaster PA Real Estate Blog

Here's what they are saying is the trend nationally...if you're a seller you should be paying attention.  Luckily, Coldwell Banker is going to have a great answer to your pricing blues in October!  Stay tuned...

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U.S. home prices down 0.6% in July; annual drop is 5.3%

10:19a ET September 23, 2008 (MarketWatch)

WASHINGTON (MarketWatch) -- Even as Washington debates a massive rescue plan to cure the housing market's ills, the government reported Tuesday that U.S. home values declined 0.6% in July.

Home values were 5.3% lower than in July 2007, the Office of Federal Housing Enterprise Oversight reported Tuesday.

For July, prices fell among all regions. The only year-over-year rise was seen in the West South Central regions, according to Ofheo.

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For Lancaster PA homes for sale click here. Jeff Geoghan is a top real estate expert in Lancaster County, PA, and an involved community member. Jeff's work has been featured in the Lancaster Newspapers, WGAL Channel 8, PA Business Journal and Wall Street Journal. Jeff's blog on Lancaster County and its homes is nationally-featured. Contact Jeff for more help with your Lancaster PA Real Estate needs. Jeff is also a photographer - view some of his portfolio. Comments are welcome!