View Full Version : Still sliding.

01-27-10, 02:12 PM
And here is the media's take on December's housing sales.

Sales of previously occupied homes took their largest drop in more than 40 years last month yet managed to end 2009 with the first annual gain in four years.

Still, prices plunged by more than 12 percent last year the sharpest fall since the Great Depression. The price drop for 2009 to a median of $173,500 showed the housing market remains too weak to help fuel a sustained economic recovery. Total sales for 2009 were nearly 5.2 million, up about 5 percent from 2008.
The details can be found here (http://www.msnbc.msn.com/id/35058162/ns/business-real_estate/):