From Prime to Subprime, America’s Home-Mortgage Meltdown Has Just Begun
Home sales, prices continue to fall: Sales of existing homes, depressed by turmoil in credit markets, fell for a sixth straight month in August, pushing activity to the lowest point in five years, an industry trade group said Tuesday. A separate report showed that t he nationwide decline in home prices accelerated in July, posting the steepest drop in 16 years.
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