Sales Dropped 13 Percent in 2007, Biggest Dip In 25 Years

Here comes the 2007 housing data: Sales of single-family homes and condos were down by 13 percent, the biggest drop since a 17.7 percent drop in 1982. "Lawrence Yun, the Realtors' chief economist, said it was likely that the country has not experienced a decline in housing prices for an entire year since the Great Depression of the 1930s." Also, the Associated Press forgot to remove URGENT from the top of the story. [Daily Breeze]