Home sales in the Midwest fell again in February as doubts about the economy and tighter credit requirements stymied potential buyers, according to two reports released Monday.
Existing home sales in the 12-state region slid 18 percent from February last year, according to the National Association of Realtors. The median price in the Midwest declined 8 percent to $131,000 _ the second-smallest drop of any region.
By contrast, nationwide home sales slipped 10 percent from a year ago, without adjusting for seasonal factors, while prices tumbled almost 16 percent to $165,400.
Home sales fell in 11 of 12 major Midwestern cities with seven of those …
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