Wednesday, August 23, 2006

Wall Street Down on weak housing numbers

Wall Street ended its winning streak after a report on weak housing numbers was out. The report from the National Association of Realtors that sales of previously owned homes dropped in July to a pace of 6.33 million units, the lowest since January 2004, erased a moderate early gain on Wall Street.

Yahoo! has an exclusive section of falling real estate prices and how desperate realtors and realty speculators are to sell their houses.

Incidently Realty stocks on the Indian bourses have also crashed today.

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