Breibart - "Home Price Drop Is Largest in 35 Years" (10-26-06)

"The median price of a new home plunged in September by the largest amount in more than 35 years, even as the pace of sales rebounded for a second month."

"The Commerce Department reported that the median price for a new home sold in September was $217,100, a drop of 9.7 percent from September It was the lowest median price for a new home since September 2004 and the sharpest year-over-year decline since December 1970. The weakness in new home prices was even sharper than a 2.5 percent fall in the price of existing homes last month, which had been the biggest drop on record."