Single Family Home Prices Are Dropping

Uh, starting with single family homes, well, they're seeing a significant drop in price depending on where you look. The National Association of Realtors claims that some of the most expensive cities to buy a home in are now seeing a substantial drop in price, including cities in California, homes in San Francisco are seeing an average price of $1.23 million, which, if you can believe it or not, is actually down over 6% from last year. Other cities that saw a decrease include San Jose, Los Angeles and Boulder Colorado.