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Why Is the Housing Market Plummeting? 5 Theories
Aug 24th 2010 – 2:23PM
Joe Raedle, Getty Images
(Aug. 24) -- Sales of existing homes dropped 27.2 percent in July, accelerating the recent decline in the already frail housing market. This brings the number of existing houses sold to an annual rate of only 3.83 million units, the lowest figure since 1999. The number of single-family home sales hit its lowest level since...
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