26 September 2007
Real Estate Continues to Crater
We now havelowest sales level in 5 years, and the steepest price drop in 16 years, a 4.3% drop from July, and the Case-Shiller index showing a 4.5% price drop. Foreclosures have more than doubled, and we have a 10+ month inventory.
Labels:
bubble
,
Economy
,
Housing Crash
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