We revisit the 'prices never go down' myth again this month just to hammer home the point.
Following on from last months decline, we see larger fall in prices again this month... seems the correction is gathering momentum.
New-home prices drop 9.7% from 2005, biggest fall in 35 years
"The median price of a new home plunged in September the largest amount in more than 35 years, even as the pace of sales rose for a second month."
"That was the lowest median price for a new home since September 2004 and the sharpest year-over-year decline since December 1970. The weakness in new-home prices was even sharper than a 2.5% fall in the price of existing homes last month, which had been the biggest drop on record."
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