U.S. home prices were mostly flat in the third quarter of 2011 according to the Federal Housing Finance Agency. However, home prices are down 3.7% compared to the third quarter of 2010.
On a positive note, some states that have experienced the worst housing markets after the bubble (ie. Florida) saw modest price increases over the quarter.
To read the entire article from Housing Wire, visit: http://www.housingwire.com/2011/11/29/fhfa-home-prices-mostly-flat-in-third-quarter-and-down-from-year-ago?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29&utm_content=Google+Reader
For more info on Norwalk real estate, visit www.ToddTurcotte.com