US Home Prices Fall Most in a Decade But Still Far From Affordable
- US median selling price in March was 0.9% below year-ago level
- Houses are still expensive due to historically limited supply
Homes in Watford City, North Dakota.
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US housing prices are finally starting to come down, but not nearly enough for many aspiring buyers struggling to break into the market.
The median selling price of a previously owned home clocked in at $375,700 in March. That’s 0.9% below its year-ago level, marking the largest decline since 2012, data from the National Association of Realtors showed Thursday.