U.S. Homes Post Steepest Price Drop in 16 Years
September 26th, 2007This is what traders call, “The Big Mo.” Momentum. See these old stories on Cryptogon where I described this in more detail:
Home Sellers Learning Day Trading Skills
Home Sellers Learning Day Trading Skills (Continued…)
Via: AP:
The decline in U.S. home prices accelerated nationwide in July, posting the steepest drop in 16 years, according to the S&P/Case-Shiller home price index released Tuesday.
Home prices have fallen by more every month since the beginning of the year.
An index of 10 U.S. cities fell 4.5 percent in July from a year ago. That was the biggest drop since July 1991.
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