5/01/2007

Hugh housing price decline in US

According to CNN Home sales: Worst drop in 18 years. There were many speculations whether housing bubble will burst anytime soon and here is one of the indication that we might be at reflection point of the price fall.

Sales pace much lower than forecasts, prices show year-over-year drop for eighth straight month.

By Chris Isidore, CNNMoney.com senior writer

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