Bloomberg reports that sales of single-family houses in the U.S. dropped in November by the most in two decades and resale prices collapsed at a pace reminiscent of the Great Depression, dashing speculation the market was close to a bottom.
Showing posts with label depression. Show all posts
Showing posts with label depression. Show all posts
Tuesday, December 30, 2008
House sales mirror the Great Depression
Bloomberg reports that sales of single-family houses in the U.S. dropped in November by the most in two decades and resale prices collapsed at a pace reminiscent of the Great Depression, dashing speculation the market was close to a bottom.
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