Thursday, October 26, 2006

Home price drop is largest in 35 years (AP)

A home for sale in Los Angeles Wednesday Oct. 25 2006. Sales of existing homes fell for a sixth straight month in September and the median sales price dropped on an annual basis by the largest amount on record. (AP Photo/Ric Francis)AP - The median price of a new home plunged in September by the largest amount in more than 35 years even as the pace of sales rebounded for a second month.


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