Home sales decline in 28 states, D.C.

by Aaron on August 16, 2006 · 0 comments

in Economics

Now this is interesting. It looks like the housing bubble’s about to burst. At least in some areas of the U.S.

http://news.yahoo.com

“The Realtors survey showed that the biggest declines occurred in states that had been enjoying red-hot sales during the five-year housing boom.

The five biggest declines this spring compared to the April-June period of 2005 were Arizona, down 26.9 percent; Florida, down 26.7 percent; California, down 25.3 percent; Virginia, down 23.9 percent, and Nevada, down 23.5 percent.”

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