Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Home prices drop by record pace in Nov
#1
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 country’s housing market remains in the throes of a deep recession, according to an index from Standard & Poor’s.

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.

Forum Jump:

Users browsing this thread: 1 Guest(s)