Home Sales Plunge
Home resales in the U.S. continued to drop in October and prices fell by the most on record. Purchases of existing homes declined 3.1% last month, with the average price of a home falling over 11% to $183,300 from a year earlier. The price drop is the largest year-to-year decrease since records started in 1968, signaling a deepening housing recession
More Articles
Ethiopia Will Be Home To Africa’s Largest Turbine Field
Ethiopia Electric Power Corporation announced it will begin construction on Africa’s largest wind turbine field. The turbines will be finished by 2011. Once complete, the wind ‘farm’ will make up 15% of Ethiopia’s power.
Gas Prices Fall at Fastest Rate in History
Gas prices have fallen 53 cents over the past two weeks. The price drop was the largest in history. The average gas price is now cheaper than it was on this date last year.