Friday, October 13, 2006

New homes down and previously owned up

The National Association of Realtors reported...

The median price for a new home will probably dip 0.2 percent to $240,500, the first decline since a drop of 2.4 percent 15 years ago, according to the association. The price for previously owned homes will probably rise 1.6 percent to $223,000, the smallest gain on record, the trade group said.

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