26
Jan
New Home Sales Plunge to Record 47 Yr Low
San Diego real estate agent
Real estate new home sales for 2010 hit low numbers not seen in 47 years.
New home sales for all of 2010 totaled 321,000, a drop of 14.4 percent from the 375,000 homes sold in 2009, the Commerce Department reported. This marks the fifth consecutive year that sales have declined after hitting record highs for the five previous years when the housing market was booming. Read more 