Summary
WASHINGTON -- Annual existing home prices declined in August for the first time in more than a decade as sales fell for a fifth straight month.
The year-over-year drop in median sales prices represented a dramatic turnaround in fortunes for the once high-flying housing market, which last year was posting double-digit price gains.See the full content of this document
Extract
Housing Market Continues to Cool
"Pop goes the housing bubble," said Joel Naroff, chief economist at Naroff Economic Advisors. He predicted prices will tumble further as ...
See the full content of this document
Sponsored links
