Scatablog

The Aeration Zone: A liberal breath of fresh air

Contributors (otherwise known as "The Aerheads"):

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Tuesday, November 28, 2006

That great sucking sound

Don't worry, it's just your home equity that's being sucked away:

WASHINGTON - Sales of existing homes posted a tiny increase in October but the median home price fell by a record amount. Analysts forecast more price declines in coming months as the once-booming housing market undergoes a painful correction.

There are now 7.4 months of inventory on the market, so don't count on a quick sale if you're planning to jump ship.

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