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Real Estate Briefing - Categorized | Americas, Market Moves, Performance more

Housing market suffers biggest drop since World War two!

Posted on 31 October 2008

U.S. new home prices are now down 17%, new home sales have been reduced by 57% and new property listings are down by 27% since the real estate market’s historic peak set in March of 2007.

This marks the worst residential real estate bear market in price decline and duration since 1945. While this is humbling news to millions of homeowners nationwide, not
everyone is feeling the pain to the same degree….. Full Press Release: Source


 Article link

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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