National Residential Sales 2000-2008
| • | 4,740,00 sales in 2008 down 32% from 7,076,000 in 2005 |
| • | Case Shiller Index 4th Quarter 2008 shows 10-City Composite and the 20-City Composite Home Price Indices. Following the lead of the 14 metro areas described above, the 10-City and 20-City Composites set new records, with annual declines of 19.1% and 18.0%, respectively. |
| • | According to Charles Schwab 2009 February newsletter: Home prices have fallen a record eight consecutive quarters. U.S. homeowners lost a cumulative $3.3 trillion in home value during 2008, much of that during the fourth quarter, when it plunged $1.4 trillionmore than the $1.3 trillion lost during all of 2007. At the same time, foreclosures were nearly 20% of all transactions in 2008. |
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