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Monday, January 28, 2008

December New Home sales

Once again, the December home sales fell by 4.7%.  The November sales were revised to 13% from 9%.  If you add the 4% to this month, that is back-to-bak 9% drops.  It is so bad, it's hard to put a lipstick on this fugly numbers.  Home prices decreased by 10% and average price dropped 12%! 

These are the lowest numbers in 13 years!  We told you it's going to be a wild ride...hold on.

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