Monday, Feb 19, 2007
More on the US crash
Fox News: Housing sales fall in 40 states
WASHINGTON - The slump in housing deepened in the final three months of 2006 with sales falling in 40 states and median home prices dropping in almost half the metropolitan areas surveyed.
Posted by tinecu @ 07:51 PM (150 views) Add Comment
1 Comment
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1. sirgoogle said...
Remember when the US catches a cold ......
"The price declines we are seeing are extraordinarily broad-based and just symbolize how significant a price correction we are in"
"We are seeing the declines concentrated in the industrial Midwest, where the job market is a mess due to the layoffs in the auto industry, and in markets such as Florida and California where a heavy influx of speculators had bid up prices"
"The fourth quarter decline in prices was led by a 4.2 percent drop in the Midwest, followed by a 3.7 percent decline in the South and a 2.5 percent fall in the Northeast. Prices were up by 0.4 percent in the West"
"Nationally, sales declined by 10.1 percent in the fourth quarter compared with the same period a year ago. The national median price -- the point where half sell for more and half sell for less -- fell to $219,300, down 2.7 percent from the fourth quarter of 2005."
And this was the market that a year ago was predicted to never fall. Sound familiar anyone?