01-27-2009, 03:30 PM
Anyone been trying to sell their home that can relate to this???
http://www.msnbc.msn.com/id/28872706/
NEW YORK - Home prices plunged a record 18.2 percent in November from a year earlier as the countryâs housing market remains in the throes of a deep recession, according to an index from Standard & Poorâs.
Prices in 20 metropolitan areas tracked by S&P fell 2.2 percent from October as housing continues to suffer from a huge supply of unsold homes, tighter lending standards and record foreclosures.
The drop in prices on a month-over-month basis was slightly steeper than expectations, based on a Reuters survey of economists.
http://www.msnbc.msn.com/id/28872706/
NEW YORK - Home prices plunged a record 18.2 percent in November from a year earlier as the countryâs housing market remains in the throes of a deep recession, according to an index from Standard & Poorâs.
Prices in 20 metropolitan areas tracked by S&P fell 2.2 percent from October as housing continues to suffer from a huge supply of unsold homes, tighter lending standards and record foreclosures.
The drop in prices on a month-over-month basis was slightly steeper than expectations, based on a Reuters survey of economists.