Wednesday, Dec 24, 2008
Not in the UK, we have "sound fundamentals"
Bloomberg: U.S. Economy: Home Prices Fall Near Depression Pace
"Sales of single-family houses in the U.S. dropped in November by the most in two decades and resale prices collapsed at a pace reminiscent of the Great Depression, dashing speculation the market was close to a bottom. The figures were worse than economists had forecast and signal that the battered housing market that led the economy into a recession may be taking another lurch down".
Posted by alan @ 01:03 PM (288 views) Add Comment
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