Rising unemployment and volatility in the stock market continued to pull down the troubled housing market as sales of existing homes tumbled 10.6% in November from the same period a year earlier. 11.2 — months supply 4.2 million — number of unsold homes 4.02 million — homes sold on an annual basis 8.6% — drop in sales from a month earlier 10.6% — drop from a year ago $181,300 — median price, down 13.2% from a year ago 11.5 — months supply of new homes 407,000 — annualized new home sales for November 35.3% — drop from a year ago $220,000 — median price for a new home, an 11.5% drop from November 2007 The housing crisis is the solution in the cause? Find the history of the housing trap. There are more buried treasure in this mass of corruption than one will ever be able to sort out. The solution will come from the people coming up with workable plans of action. Government bail out are not doing anything to motivate action of correction, it added to the fears of some of the more willing proponent to hinder them from taking the needed action because they are waiting to see just what the plan they are implementing so that they can find ways to work within the new guideline that are being implemented to correct a mortgage system that has run off course to build up a fairy land of mirage debts that are no more than fictious transction to build some lenders bottom line to appear to managing more loans then actually exist.
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