A decline in Seattle-area home values is the first in years in a major U.S. metropolitan area, a leading source of real estate data reported. Single-family home prices in May fell 1.2 percent, compared with the same month last year, according to fresh data from S&P CoreLogic Case-Shiller. Kelly Meister, a Seattle-based broker for Compass, said home prices appear more uneven than a year ago from one neighborhood in the city to another. “The Seattle market …
SOURCE: The Real Deal New York – Read entire story here.