HOUSING UPDATE….No joy on the home front:

Sales of existing homes fell in March while the median home price declined, compared with the price a year ago, as a severe slump in housing showed no signs of abating.

The National Association of Realtors said that sales of existing single-family homes and condominiums dropped by 2 percent in March to a seasonally adjusted annual rate of 4.93 million units.

The median price of a home sold last month dropped to $200,700, a decline of 7.7 percent from the median price a year ago. That was the second-biggest year-over-year price decline on records dating back to 1999.

So how’s your neighborhood doing? You can check it out on this interactive map of home foreclosures. Turns out there are currently no foreclosures in my immediate neighborhood (hooray!), but my broader neighborhood is feeling some distinct stress (alert level orange on their color-coded map).