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U.S. new home prices fall 9.7% in September. ⇒

   26 October 2006, early afternoon

That is the biggest drop in the last 36 years. I haven't found stats for Canada yet, but it is my understanding things aren't nearly as bad here.

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Comments

  1. The fall in housing prices has been under intense media scrutiny for the last 3 months, pockets of overpriced areas in the US have been falling. There is a prediction that all prices will be coming down soon in the US, and to some extent in Canada. The real issue is if the fall will be at a reasonable pace, or if it will be a bubble bursting as has been the case in a few upscale areas around Boston, New York and California.

    by Victor on October 26 2006, 6:43 pm   #

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