Friday, May 25, 2007

Home prices fall for 9th straight month

Home prices fall for 9th straight month (AP)

A sold sign is posted for a new home in Palo Alto, Calif., Monday, May 14, 2007. The government reports that sales of new homes surged by 16.2 percent in April but home prices fell by a record amount. (AP Photo/Paul Sakuma)AP - Sales of existing homes fell by a larger-than-expected amount in April while the median price of a home sold during the month fell for a ninth straight month as the troubles in the subprime mortgage market acted as a further drag on housing.


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