Tuesday, January 08, 2008

R.E. Prices down 11.7% YOY

Thanks to Peter Viles and his LALAND blog for this statistic. Apparently, Dataquick has measured sales data and homes in the area are now selling for 11.7% less than they did at this time last year. From a boots-on-the-ground perspective, that sounds about right. Didn't UCLA's Anderson Biz School predict a 12% drop in prices for 2007 at the beginning of last year?

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