Monday, September 25, 2006

Market Watch - "Existing-home prices fall for 1st time in 11 years" (9-25-06)

"Sales drop 0.5% in August to lowest pace since January 2004"

"The collapsing U.S. housing market crossed another milestone in August, as the median sales price of existing homes fell for the first time in 11 years and for just the sixth time in the past 38 years, the National Association of Realtors said Monday"

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