Housing outlook: Price drops, layoffs


For those in the real estate industry and for those looking to buy or sell a home, it could take until 2009 to catch a break.

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home sales sink 8%
Existing home sales sank 8 percent last month, to the lowest pace on record, according to the latest reading on the state of the battered real estate market released Wednesday.

homeowners: Sell it yourself
The last time Sabrina Williams sold a home herself, she received a solid offer the first week, got her asking price of $319,000 and saved nearly $9,000 in broker fees in the process. Snap, just like that.

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