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Panamá, 25 de noviembre de 2008
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laestrella.com.pa >> panama_star >> panama star
U.S.home prices drop at all time record rate
 The median price of a home has fallen 11.3% to $183,000, and worse is expected
NEW YORK. Nationwide sales of existing homes fell more than expected last month, as economic fears made buyers leery even though prices plunged to the lowest level in more than four years. And the decline is expected to get worse because October's results reflect sales contracts signed before Wall Street's nosedive
The National Association of Realtors said Monday that sales of existing homes fell 3.1 percent to a seasonally adjusted annual rate of 4.98 million units in October, from a downward revised pace of 5.14 million in September. Sales had been expected to fall to a rate of 5.05 million, according to economists surveyed. The median sales price plunged 11.3 percent from a year ago to $183,000. That was the largest year-over-year drop on record.
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