Sales of existing homes fell in 2006 at fastest rate in nearly 20 years
By John W. Schoen
Senior Producer
MSNBC
"The final housing numbers for 2006 are in, and they confirm what anyone who bought or sold a home last year has suspected: It was the worst housing slump in nearly two decades."
"After a historic five-year boom propelled by a strong economy and low interest rate, the real estate market went bust in 2006, according to the final tally released Thursday by the National Association of Realtors. "
"Double-digit price gains that sparked a frenzy of condo flipping and speculative building also came to an abrupt halt last year. " Full Article.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment