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Home values: 5 worst markets for Q1 2013

Home Values » 5 Worst Markets

Source: NAR, comparing Q1 2013 to Q1 2012.

Home values rose by 11.3 percent nationally in the first quarter of 2013 compared to the same period in 2012, according to data from the National Association of Realtors. But see the five worst markets, where prices fell the fastest.

1. Kankakee-Bradley, Ill.

2013 Q1 median home price: $92,400
Down: 18.8 percent

2. Edison, N.J.

2013 Q1 median home price: $267,300
Down: 8.6 percent

3. Allentown-Bethlehem-Easton, Pa. and N.J.

2013 Q1 median home price: $162,700
Down: 8.3 percent

4. Champaign-Urbana, Ill.

2013 Q1 median home price: $133,300
Down: 5.5 percent

5. Erie, Pa.

2013 Q1 median home price: $104,700
Down: 5 percent

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
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15 yr fixed mtg
2.80% 2.78%
5/1 ARM
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30 yr fixed mtg refi
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