Wednesday, Aug 16, 2006


USA Today: Job losses lead to drop in home prices

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. Gosh, who'da thought?

Posted by financial planner @ 04:29 PM (2868 views)
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1. japanese uncle said...

"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."

Be warned. This will be reality throughout the UK in a year or two.

Wednesday, August 16, 2006 09:56PM Report Comment

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