Interest Rate Roundup

Wednesday, October 25, 2006

Biggest price decline ever ... sales rate hits 32-mo. low

More details on the existing home sales report. This looks like the largest monthly drop ever in single family home prices -- a decline in the median of 2.48%. The seasonally adjusted annual rate of sales, at 6.18 million units, is the lowest going all the way back to January 2004.


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