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January 15, 2008

Real Estate: SoCal Homes Soon to Come Free with Magazine Subscriptions

If housing prices continue to drop at this rate here in southern California, they will soon come free with magazine subscriptions:

The median home price in a six-county region of Southern California plunged more than 13 percent in December versus a year ago, as the national housing slump continued to eat away at home values, a real estate research firm said Tuesday.

[DataQuick via BusinessWeek]

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Comments

We will really know how far things have gone when foreclosures are no longer treated as non-market sales.