Home sales plunged in ‘06, but prices may have hit bottom. – Jan. 25, 2007:
NEW YORK (CNNMoney.com) — Home sales saw the biggest drop in 17 years last year, according to a trade group report on the battered real estate market, but the reading also showed that the decline in home prices may have bottomed out in December.
Clearly, we haven’t reached the bottom. How are they concluding that? Maybe I have been reading too much of housingpanic.blogspot.com.
Related posts:
- New Homes Sales
- Home Sales Down 11.3%
- Fear and Greed Drive Real Estate Prices
- Existing Home Sales drop 11% in the Second Quarter
- HousingPANIC blog calls for the resignation of Ben Bernanke
- High Gas Prices
- Global Economic Armageddon is here
- Biltmore Estate
- youwalkaway.com
- California Woman lost home to Foreclosure and living in Motel 6