The optimism of early-2009 has proved premature. US house prices fell by
between 1% to 11% in 2009, and even more in inflation-adjusted terms,
according to the various estimates based on asking prices, selling prices,
and mortgage applications.
The number of new single family houses sold in January 2010 was 309,000
units, 6% down on January 2009, and the lowest monthly sales since data was
first collected in 1993.
More bad news:
Only 4,458,00 new single family houses were sold in 2009, down by