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Friday, January 26, 2007

Has housing market bottomed out?

Sales of existing homes fell in 2006 at fastest rate in nearly 20 years

The final housing numbers for 2006 are in, and they confirm what anyone who bought or sold a home last year has suspected: It was the worst housing slump in nearly two decades.

The freshest numbers also provided tea leaves for the more pressing question: has the housing market bottomed out yet — or will prices slide further before the market recovers?

Read the full article - MSNBC - http://www.msnbc.msn.com/id/16812267/

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