Sales of existing homes in the United States fell 8.4 percent in March, the biggest one-month drop in 18 years, according to the National Association of Realtors. Home prices in every region of the country also fell. The median home price was down 0.3 percent in March compared to this time last year. The nation’s weak housing market is largely being attributed to the collapse of the subprime lending industry. more [CNN Money]
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Home sales, prices continue freefall
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