What do you think?
lansner.freedomblogging.com/2008/07/16/oc-home-slump-equals-411-a-day-loss-off-peak/
DataQuick’s final O.C. report on June homebuying seems to show renewed skittishness among O.C. shoppers. Look back on the past year, you can see why.
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As the charts above show (click on them for bigger versions,) local real estate’s slide from last June’s pricing peak has been ugly. The median selling price fell $150,000 to $495,000 in a year. That equates to the typical home depreciating at the rate of $411 a day, $17 an hour .. or a penny every two seconds.
Highlights from June’s report …
Worth noting, though …
What do you think?
lansner.freedomblogging.com/2008/07/16/oc-home-slump-equals-411-a-day-loss-off-peak/