Ronald J. Cappuccio, J.D., LL.M. (Tax)

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Housing Sales Drop 13%

| Jan 25, 2008 | Uncategorized

Housing Sales Drop 13%

House Sales for 2007 fell 13%, to mark its biggest yearly decline in 25 years. Also, median prices FELL by 1.8% nationwide. That was the first national decline in the 40 years that home sales have been tracked! Many economists say that the last time prices fell like that would likely have been in the years that followed the Great Depression in the 1930s.
see: http://www.TaxEsq.com

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