BandWagon Report post Posted August 17, 2006 I bought a copy of this yesterday, but here it is on the web... The loss of manufacturing jobs helped drive down home prices in 26 metro areas between April and June compared with the same period last year, the National Association of Realtors said Tuesday. That's 10 more areas than in the first quarter, and it spotlights how joblessness in industrial states such as Illinois, Michigan, Ohio and Indiana is rippling through housing markets. The hardest-hit this year: Danville, Ill., where prices at which existing homes were sold fell 11% in the second quarter after a 12% drop in the first quarter. However it does go on to say that prices have risen in some areas, and the most overheated areas aren't falling hard (yet). Pity they find lame excuses for the bust, instead of simpy saying that it's the biggest housing boom the US has ever seen, and it's probably going to be the biggest bust. http://www.usatoday.com/money/economy/hous...ome-sales_x.htm Quote Share this post Link to post Share on other sites
