Evidence continues to increase that the Housing Bubble is bursting.
Housing prices are
definitely declining, and have been doing so for several months. Friday's New Home sale report showed a decline in appreciation to a -3.4% annual rate. This is the 3rd straight month of decline in the rate of appreciation. And now new home prices are lower than they were the previous month nationwide.
Below is a copy of Briefing.com's New Home Sales report.
A link to the Briefing.com page can be found at: NewHomeSales
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