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Home Prices Suffer Record Monthly Drop

October figures exceed gloomy estimates, show continued slump

By Matt Cantor, Newser Staff

Posted Dec 26, 2007 12:25 PM CST

(Newser) – Home prices plummeted 6.1% in October, a record year-over-year drop that exceeded forecasts. The index of prices in 20 major markets has dropped every month this year and fell 1.4% from the September figure, another record. The trend threatens overall consumer spending, making... Read full story »

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Home Prices Suffer Record Monthly Drop

October figures exceed gloomy estimates, show continued slump

housing market • mortgage • houses • home prices • home equity • subprime crisis

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More Newser Stories

US Median Home Price to Drop

Projected 1-2% decline for 2007 would be the first since 1950

11.1M Households Underwater

Number jumps to 23.1% at end of 2010, more likely on way

Millions Considering Walking Away From Mortgages

10% of mortgages expected to be underwater by June

Now's the Time to Buy a New Home

Prices and mortgage rates are down—a 'winning combination'

Watchdog: Feds Need to Expand Foreclosure Plan

$50B plan proving ineffective as more mortgage holders lose their jobs

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