Ben Cantrick (mackys) wrote,
Ben Cantrick
mackys

Did you just hear a huge popping sound??


New home prices fell last month by the largest amount in 35 years and owners are being warned to brace for further declines, especially in formerly hot markets. The Commerce Department reported that the median price for a new home sold in September was $217,100, a decline of 9.7 percent from September 2005. That was the lowest median home price in two years and the sharpest year-over-year decline since December 1970, providing dramatic evidence of the slowdown in the once-booming housing market.

http://biz.yahoo.com/ap/061026/economy.html?.v=10


Pay off your home equity loans NOW, people...
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