Median U.S. Home Prices Fall For First Time Since 1995.

The median home price was $225,000 in August, compared with a revised $230,000 in July. Last month marked the first year-to-year median price decline since April 1995, and it was the second-biggest in the survey’s 38-year history.

Builders are correcting but have a ways to do.

The weakness in existing home sales followed a report last week that construction of new homes and apartments plunged by 6% in August, pushing building activity to the lowest level since early 2003.

Until builders also start citing numbers from the 1990s, they won’t have bottomed out.

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