Business Headlines: Local Home Prices Dropping; Gas Prices Lower

By Lisa van der Pool, Boston Business Journal

BOSTON (CBS) – Local home prices continue to lose ground and now are tied more closely to a national trend indicating the housing decline might be getting worse.

According to a home pricing index by core-logic, home prices in greater Boston fell 4.4 percent in September compared to September 2010.

That’s pretty close to the national rate, which was 4.1 percent.

GAS PRICES LOWER

But, this is good news for consumers, gas prices are down again and haven’t been this low since March.

The average price for a gallon of unleaded was $3.39, down a penny from a week ago.

Still though, at this time last year, a gallon averaged $2.82, so we have a long way to go.

ZUCKERBERG RETURNS

And 200 lucky Harvard students got to hear from Facebook founder Mark Zuckerberg Monday.

He was looking to get graduating students excited about working for Facebook.

It was the first time he returned to campus after dropping out to get the company off the ground.

And, he says, with a lot of students about to make decisions about their futures, What better time to visit than right now?

Watch Lisa’s report:

Lisa van der Pool of the Boston Business Journal can be seen weekdays at 6 a.m. on WBZ-TV.

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