AP – Sales of existing single-family homes plunged in 2007 by the largest amount in 25 years, closing out an awful year that saw median prices fall for the first time in at least four decades.

Reuters – Sales of new U.S. homes fell in
November to the lowest rate since 1995, but business activity
perked up this month, according to reports on Friday that
showed pockets of strength in the economy despite a housing
sector meltdown.