Thursday, Feb 12, 2009
Home prices in record plunge - not over yet!!!!
CNN: Home prices in record plunge
The National Association of Realtors reports that home prices dropped a record 12.4% in the final quarter of 2008 - the biggest decline in 30 years.
Posted by mark @ 09:03 PM (477 views) Add Comment
3 Comments
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1. P. Riddy said...
12.4% x 4 = FORTY NINE PER CENT annualized!!
2. shining wit said...
And when America sneezes Britain catches a cold..........
3. str 2007 said...
Badly written headline.
The article reads as though the 12.4% fall was in a single quarter but it is comparing last quarter 2008 to the last quarter 2007.
Still falling sharply though and they have low interest rates there and quantitive easing I believe.