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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (49385)3/3/2006 1:09:04 PM
From: mishedloRead Replies (1) | Respond to of 306849
 
Roof Collapses on Housing Boom
Source: Boston Herald

Massachusetts house sales plummeted 21 percent last month, stoking fears that the housing bubble may have burst and could send shock waves across the economy. It was the biggest year-over-year sales drop in almost 11 years - as Realtors recorded the slowest January since 1996.
What's more, one of the worst fears of homeowners appears to be coming true: House values have dropped nearly 8 percent since August.

builderonline.com