Friday, May 12, 2006

WallStreetJournal - "Real-Estate Slowdown Appears To Be Spreading Nationwide" (5-10-06)

"Washington, D.C., Los Angeles/Long Beach, Tucson, Ariz., Sacramento, San Francisco, and Phoenix saw the biggest declines with sales falling 22%, 50%, 50%, 46%, 30%, and 37%, respectively. However, even markets that hadn't been weak previously -- such as Philadelphia, Dallas, and Las Vegas -- softened in the quarter, with sales falling 30%, 15%, and 13%, respectively, he said."

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