Friday, January 23, 2009

historic declines in housing prices, growing job loss – these negative trends are accelerating

Housing Prices, Starts Tumble at Record Pace in U.S. Recession

Jan. 22 (Bloomberg) -- Home prices in the U.S. dropped the most in at least 18 years and builders broke ground on the fewest houses since record-keeping began as the recession deepened, government reports said today. Record foreclosures and the highest jobless claims in 26 years are dragging down home prices as the economy enters the second year of a recession.

Posted by malct @ 08:32 AM (562 views)
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