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Housing Bubble RAPIDLY Deflating


New member
Sep 8, 2005
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Southern California
Political Leaning
The Housing Bubble deflation is rapidly accelerating. November New Home sales declined 11.3% from October. This is the largest decline in New Home sales in 12 years. In the West, the bubble is deflating even faster. November New Home sales in the West declined 22% over October.

Median New Home prices also declined 4.1%. November's median New Home price declined to $225,200 from October's $234,800. This information can be found in the following article by AP writer Martin Crutsinger: NewHomeSalesFall

Below is a chart from Briefing.com showing the changes over the last 5 months.

This can also be found at: NewHomeSales

The economy needs balance between the "means of production" & "means of consumption."
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