“We will experience the most substantial decline in history because before this we had experienced the most unprecedented rise in U.S. real estate history.”
U.S. home prices dropped 8.9 percent in the final quarter of 2007 compared with a year ago, Standard & Poor’s said Tuesday, the steepest decline in the 20-year history of its housing index. via Sac Bee
More: continued here
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!