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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 409.23-1.0%Jan 7 4:00 PM EST
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To: Riskmgmt who wrote (28641)1/28/2008 11:39:37 AM
From: Maurice Winn  Read Replies (1) of 219098
 
That isn't a decline. I wouldn't even think about buying a house unless it's half price: < The median price of an existing single-family home dropped 1.8 percent in 2007, the first decline since records began four decades ago and probably the first since the Great Depression in the 1930's, the Realtors group said.>

That doesn't ring true though.

Surely prices have dropped more than that. Perhaps up a little in Manhattan and down a lot in California.

This says 10% < The median price of a new home fell to $219,200 in December from $244,700 a year earlier, today's report showed. For all of 2007, the median price rose 0.2 percent to $246,900.>

Mqurice
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