Housing market pain not revealed by stats
Home sellers are crying but the data doesn't seem to reflect their woes.
By Les Christie, CNNMoney.com staff writer
January 11 2007: 6:09 PM EST
"An Indiana man writes to say he can't sell his house even asking less for it than he paid - four years ago. "
"A Duluth, Minnesota, reader writes, "The housing market is brutal, has been for months. Prices dropping at least $20,000, some as high as $60,000 just to get them sold. Most aren't selling even with the drop.""
"It's not just the Rust Belt."
"Yet, when the National Association of Realtors (NAR) released its third quarter median sales prices, the downturn was very modest, just 1.2 percent compared with 12 months earlier." FULL ARTICLE - Also on my side bar under CNN.
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