Number of foreclosures blamed for home price plunge

? A new study reveals that home prices plunged to the lowest level in our metro areas since the housing bust in 2006.Home prices fell

WOODBURY - ? A new study reveals that home prices plunged to the lowest level in our metro areas since the housing bust in 2006.

Home prices fell from February to March in 18 of 20 cities tracked by the Standard & Poor?s/Case-Shiller 20-city index. The decline is being blamed on a record number of foreclosures.

Officials say prices are also being driven down by a number of unsold homes and the reluctance of inability of many to buy a home.

advertisement | advertise on News 12

Top 5 Must See

2 people were killed and 1 man is 1 2 killed, 1 in stable condition after Gabreski Airport plane crash
A car with its back window completely smashed 2 Police: Man injured after multiple shots fired into car in Holtsville
A major environmental group is strongly opposing a 3 Environmental group opposes plan to build Shoreham solar facility
According to police, the men, one armed with 4 Police: 3 men wanted in BurgerFi armed robbery in Woodbury
Construction on the LIRR's Double Track Project 5 Parking to be limited at LIRR Wyandanch station today

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE