U.S. home price drop worst since June '91, S & P says

Story date: 2007-10-30 11:09:00
Added on: 2007-10-30 16:45:59

Los Angeles Times - Home prices are likely to register a record 7 percent year-over-year drop by December, according to economists at Goldman Sachs Group Inc. Such declines would have to be paired with 0.5 to 1 percentage point drops in mortgage rates to boost ...


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