About that House of Cards....
Home prices: Record drop in October
Median price sinks 3.5 percent from a year earlier, trade group see more price declines ahead.
By Chris Isidore, CNNMoney.com senior writer
November 28 2006: 2:59 PM EST
NEW YORK (CNNMoney.com) -- The price of existing homes sold in October fell for the third straight month and posted the biggest drop on record, an industry group said Tuesday, adding it expects weakness in pricing to drag on into next year.
The National Association of Realtors said that the median price of a home sold in October was $221,000, the same as in September, but down 3.5 percent from October 2005.
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Like I said, plan accordingly.
Home prices: Record drop in October
Median price sinks 3.5 percent from a year earlier, trade group see more price declines ahead.
By Chris Isidore, CNNMoney.com senior writer
November 28 2006: 2:59 PM EST
NEW YORK (CNNMoney.com) -- The price of existing homes sold in October fell for the third straight month and posted the biggest drop on record, an industry group said Tuesday, adding it expects weakness in pricing to drag on into next year.
The National Association of Realtors said that the median price of a home sold in October was $221,000, the same as in September, but down 3.5 percent from October 2005.
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Like I said, plan accordingly.
posted by Mike at 3:41 PM
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