Great Depression II

The sales decline in January marked the third straight monthly drop following decreases of 3.9 percent in December and 9.5 percent in November.  January’s weakness was evident in all regions except the Midwest, where sales posted a 2.1 percent increase. Sales were down 35 percent in the Northeast, 12 percent in the West and almost 10 percent in the South.

The drop in sales pushed the median sales price down to $203.500. That was down 5.6 percent from December's median sales price of $215,600, and off 2.4 percent from year-ago prices. New home sales for all of 2009 had fallen by almost 23 percent to 374,000, the worst year on record.

via New home sales hit record low in January – Yahoo! Finance.

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