The sale price of new homes fell again in May, 2008, the government reported Wednesday, June 25, 2008.
New homes were sold at an adjusted annual rate in May, 2008, down 2.5 percent from the April level and 40 percent from a year ago. The median price of a new home sold last month fell to $231,000, down 5.7 percent from last month. The figure was down 26 percent from a year ago, when the median price of a new home was $311,300.
For more information on the Mortgage crisis click here
