Sunday, January 13, 2008

Home Sales Drop Biggest in 19 Years

North Texas new-home sales fell by the largest amount in 18 years in 2007, according to figures released Friday by the housing-tracking firm Residential Strategies.A glut of inventory, tougher requirements for loans in the last half of the year and a fiercely competitive market all contributed to the worst nose dive since the real estate crash of the late 1980s. Fort Worth Star Telegram

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