Wednesday, February 29, 2012

Home prices tumble in December: S&P (Reuters)

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A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters - Single-family home prices ended 2011 on a downbeat note as a drop in December prices sent the seasonally-adjusted index to its lowest level since 2003, according to a closely watched survey on Tuesday.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20120228/bs_nm/us_usa_economy_homes_index

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