Monday, August 20, 2007

Housing slump recalls past decline (Orange County Register)

A look at today's market and that of 1989-91 reveals interesting parallels. Orange County's housing market reached a curious benchmark last month: It's been 22 months since there were more homebuyers closing deals than a year ago, the longest such losing streak since 1989-1991.

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[Source: Yahoo! News Search Results for housing loan]

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