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| News 12 |
Still, the housing market remains weak. With less than 5 million homes sold in 2010, it was the worst year on record since 1997, and down 4.8% from 2009. Housing starts were also down 4.3% last month. Much of the decline has been attributed to the expiration of the home buyer tax credit.
Prices were also falling. In December, the median sales price for an existing home was $168,800, down 1.0% from the year-ago median price of $170,500 and down 0.8% from November’s revised $170,200.
