When we compare Dec. 2008 to Dec. 2009 we get new home sales drop over 9 percent. The drop in new home sales was quite unexpected according to the commerce department.
The report went on to state that we were down 23 percent drop in new home sales over the whole year. It is the worst year on record since 1963.
A bit of good news the number of defaults notices for California homeowners fell 24 percent during the fourth quarter. It appeard to be slowing. If we look at the at the fourth quarter of the previous year we get an increase of 12 percent.
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